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Monopolies were outlawed at this time in most countries (including the 2 biggest, the U.S. and the U.K.) because of the Monopoly the East India Trade Company had had on tea. Monopolies are bad for economies. Plain and simple. They destroy competition, which is the basis of an economy. "To compete is to win." However, not too long ago (I think the 1920's...ish?) the U.S. had within it's boundaries a monopoly in the railway industry. Almost all railroads were owned by a single company that charged different rates to different customers. Theodore Roosevelt interfered with Capitalism (again for the millionth time, not criticizing here at all, I idolize TR because of this) and split the company into several different competing companies to avoid the economic slump beginning to form because of this. In today's economy it would be very difficult to do what Roosevelt did because it is not within the power of the Federal Government to interfere with most commerce. What Roosevelt did was in essence a strike against Democracy in the defense of the World's most powerful democracy. It would also be extremely difficult to create a monopoly in today's global market. This surprising includes petroleum because petroleum is exported from several different companies. They don't have to compete very much because natural gas is in such high demand it's not even funny. They are mainly Islamic, which matters a lot because they use a misinterpreted version of the Islamic Faith that is hostile towards the West. This hostility unites them. This may be all semi-irrelevant because I have no idea where in the world you are asking about or what monopoly you are asking about. Are you asking about the Cuban Monopoly on sugar? Or one of the Hawaiian Monopolies?
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What was the average earnings of a American worker in 1900?
About 10 cents
How did a trust allow John D Rockefeller to create a monopoly over the American oil industry?
Yes.
How much did the average American worker make in 1900?
Less than $500
In 1900 how much did the average American make?
if it was a teacher 4 to 10 dollars a month
What best characterizes American agriculture from 1900 to 2002?
Fewer farmers, bigger farms, more mechanization.
What was proposed that would have a deflationary effect on the American economy in the 1890s?
The Gold Standard Act of 1900
One of the main causes of the high price of tea in the American colonies was the monopoly held by the East India company. what is the effect?
The effect of the East India Company's tea monopoly was that it led to widespread discontent and resistance among the American colonists. This ultimately contributed to the growing tensions that would lead to the American Revolution.
What describes the United Fruit Company in the early 1900?
it created a monopoly
What was the effect of the Italian monopoly?
i want my answer
What was the The effect of the Italian monopoly?
i want my answer
Which best describes the united fruit company in the early 1900?
it created a monopoly
What effect does the monopoly have on the customer?
ya mama
What are the release dates for Pan-American Exposition - 1900?
Pan-American Exposition - 1900 was released on: USA: October 1900
In a game of Monopoly what colour is Pentonville Road?
There is no Pentonville Road in the American (original) version of Monopoly.
A company holds a monopoly of selling shoes. What effect does the monopoly have on the customer?
Monopolies are not generally kind to consumers. In this instance, the prices will likely increase.
What did Lewis wanted to gain an American monopoly?
Fur trade
What American companies had a monopoly in the 1800s?
Standard oil company
