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Why Has Poverty Been a Long-Term Problem in the United

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Essay

Why has poverty been a long-term problem in the United States? What might explain why poverty has been such a persistent problem over time? What can policy makers do to reduce poverty?


Definitions:

Steel Makers

Companies involved in the production of steel, an alloy of iron and carbon used widely in construction and manufacturing.

Attempted Monopolization

An action by a firm that involves anticompetitive conduct, the intent to gain monopoly power, and a “dangerous probability” of success in achieving monopoly power.

Antitrust Action

A lawsuit or legal move to challenge practices that restrain trade or competition in the market.

Sherman Act

A United States antitrust law passed in 1890 that prohibits monopolistic practices and promotes competition.

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