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What was the relationship between competition and monopoly in American industry during the post-civil war era?
Competition was snuffed out because of monopolies. Since people were in bad shape after the war, large companies (most likely subsidized by the government) monopolized areas.
An example of this monopoly would be the railroad industry. Trains were first made to be the only source of transport. If you think about cars, the oil industry also set up a monopoly so the single source of fuel would be gasoline.
Competition relates to monopoly because the act of monopolizing gets rid of competition.
What else can I help you with?
When a industry or business has no competition?
A monopoly is an industry or business having no competition.
From 1825 to 1850 American industry was?
in the 1825 to 1850 American industry was
Spain established the industry in the American West?
the livestock industry
How big was the American chewing gum industry in 2001?
In 2001 there were 10 U.S. manufacturers in this industry
How did John D. Rockefeller gain control in the oil industry?
He sold his oil for lower prices then the competition and drove the rival company into the ground. He then purchased these companies and expanded his business area. He continued to do this until he gained control over 90% of American oil sales
What protected American industry from foreign competition?
Tariffs
Raised tariffs in an effort to protect American industry from foreign competition?
Fordney-McCumber act
When a industry or business has no competition?
A monopoly is an industry or business having no competition.
Allowing competition in the power industry?
Baseload plants allow competition in the power industry.
Did Thomas Jefferson and James Madison support raising tariffs to protect American industry from foreign competition?
Yes they did.
Thomas Jefferson and James Madison supported raising tariffs to protect American industry from foreign competition.?
true
How did economic goals for countries change as nationalist sentiments grew?
Competition for land, trade, and industry increased
Competition in the car industry?
Oligopolic!
What is a competition brief in the media industry?
no
The tariffs would raise money for the government and protect American industries from foreign competition. Who opposed the tariffs and why ?
The south because they had little industry .
What happens if competition decreases in a certain industry?
Competition helps to keep the quality high and prices down. If competition decreases, the quality can go down and the prices can go up in that industry.
What were the effect's of international trade of American industry?
The effects of international trade on American industry include increased competition from foreign companies, access to new markets for American products, potential for outsourcing of jobs to lower-cost countries, and opportunities for collaboration and innovation through global supply chains.
