Monopoly intro

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17 Terms

1
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I hated Monopoly growing up.

It always took so long and ended with one person holding all the assets and money, watching the other players fail and owe them more and more until they went bankrupt.

2
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It always took so long and ended with one person holding all the assets and money, watching the other players fail and owe them more and more until they went bankrupt.

Also, because I always lost.

3
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Also, because I always lost.

Monopoly was supposed to be a cautionary tale, warning kids about the strange and greedy corporations that are marked as monopolies.

4
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Monopoly was supposed to be a cautionary tale, warning kids about the strange and greedy corporations that are marked as monopolies.

Today, these “greedy companies” are almost unheard of.

5
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Today, these “greedy companies” are almost unheard of.

The last monopoly broken up in the United States was in the year AT&T was broken up.

6
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The last monopoly broken up in the United States was in the year AT&T was broken up.

They had almost complete market dominance and were buying up every small company that they could to extend their market advantage.

7
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They had almost complete market dominance and were buying up every small company that they could to extend their market advantage.

They had such control that new customers were forced to do business with them because there was simply no other option.

8
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They had such control that new customers were forced to do business with them because there was simply no other option.

The US government got involved and rallied to abolish this consumer nightmare and break up AT&T into several different companies.

9
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The US government got involved and rallied to abolish this consumer nightmare and break up AT&T into several different companies.

This is an example of how the government should deal with illegal monopolies, ending their ability to terrorize consumers and creating an open market.

10
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This is an example of how the government should deal with illegal monopolies, ending their ability to terrorize consumers and creating an open market.

In this open market, it is up to us whether we are able to purchase from a company or not.

So why are companies like AT&T still showing up today?

11
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In this open market, it is up to us whether we are able to purchase from a company or not.

So why are companies like AT&T still showing up today?

How do they affect people every day?

12
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How do they affect people every day?

Today, I will be informing you about the history of monopolies and how they are formed.

Additionally, I will discuss the new type of monopolies we are seeing today.

13
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Today, I will be informing you about the history of monopolies and how they are formed.

Additionally, I will discuss the new type of monopolies we are seeing today.

I will explain how we as consumers are affected by them.

14
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I will explain how we as consumers are affected by them.

Finally, I will cover what our government should do about it!

15
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Finally, I will cover what our government should do about it!

There needs to be stricter government involvement in the regulation of monopolies and companies that commit monopolistic actions.

16
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There needs to be stricter government involvement in the regulation of monopolies and companies that commit monopolistic actions.

THE END

17
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