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Earn +20 ptsQ: Members of rich and powerful families of greek?
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Continue Learning about American Government
Where did Oligarchy originate?
Oligarchy is the rule of only a few people. It originated in Ancient Greece around 500 B.C. They were made up of powerful and rich families.
What prompted federal tax reform in 1986?
The tax code favored the rich and powerful.
It is difficult for a person to run for national office?
Yes. Running for national office require a great deal of effort, money and time away from work even if you have powerful friends who are pressuring you to run. If you have not aquired any rich and/or powerful supporters, that is the first step unless you are very rich or have a rich family.
What was the name given to the richest leaders industry in the late 1800s?
They were called Robber Barron’s. There were 400 families that were the richest of the rich and they lived like kings.
What did Adam smith predict would be the effects of a free enterprise?
As Smith had predicted,the countries with free enterprise systems grew rich and powerful.
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