If You Had Lived in the 1880s as a White

question 33

Essay

If you had lived in the 1880s as a white farmer on the Great Plains, what would you have proposed as a solution to the Indian problem? What would have been your view on concentration, the Dawes Severalty Act, and the savagery of Indian warfare?

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Definitions:

Marginal Cost

The growth in aggregate costs resulting from the manufacture of an additional product or service unit.

Externalities

Economic side effects or consequences of commercial activities that affect other parties without being reflected in the costs of the goods or services involved.

Efficient Level

The efficient level refers to the optimal point of production or service provision where the cost of resources is minimized and the satisfaction or benefit to consumers is maximized.

Impose a Tax

The act of a government or authority setting a financial charge or levy upon a taxpayer.