Answer:
Monopolies are bad for the economy because lack of competition allows a few to set prices, stagnate competition.
Explanation:
How did the rich take advantage:
The rich had ready capital to either buy out smaller competitors or drive them out with undercut prices until the competitor failed, then prices to consumer went back up even higher.
It happened in the early industrial revolution: Rockefeller/Standard Oil,
Carnegie and JP Morgan= Steel industry
Still going on today, especially in the tech arena.
Able to manipulate what we buy, the way we think, etc.
We need to be responsible, situationally aware consumers.
Totalitarian government is when a single group completely takes over and makes the people subservient to the state (they make all of the rules) and if there was more than one group, opinions may differ and actions may be more diverse, and it wouldn't have total control over the decisions anymore. Ex: Hitler- changed laws to what he saw fit, changed culture, controlled how people were treated, threw Jew's in concentration camps because of a personal bias, etc. He had total control, thus totalitarian gov.
<span>He was the first explorer to sail around the southern tip of Africa.</span>
