Chapter 5

Chapter 5
Monopoly – Not Just a Game
How did the Civil War make some people very rich?
How does competition benefit consumers in a capitalistic economy?
When do we have “free enterprise”?
When do we have a “Monopoly”? Explain Standard Oil’s monopoly.
Why did people want to control monopolies? How were monopolies finally controlled?
What types of monopolies do we have today in the United States and in Connecticut?
Are monopolies always bad? Why or why not?
Homework: Why is the name monopoly and appropriate name for the board game?