Iearly america, a traditional market structure existed when

Africa, Asia, Latin America, and the Middle East

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A traditional market economy existed in America before the industrial revolution. In such system, the majority of the population worked in agricultural and livestock activities for subsistence.

There was a certain degree of specialization and labor division, and the very limited surpluses were traded for craftmanship products. There were timid technical improvements and therefore they did not enable to achieve large productivity gains.

This is why the emergence of industrial and manufacturing techniques were considered a revolution.

world war i began in 1914, after the assassination of archduke franz ferdinand, and lasted until 1918. during the conflict, germany, austria-hungary, bulgaria and the ottoman empire (the central powers) fought against great britain, france, russia, italy, romania, japan and the united states (the allied powers). to new military technologies and the horrors of trench warfare, world war i saw unprecedented levels of carnage and destruction. by the time the war was over and the allied powers claimed victory, more than 16 million people—soldiers and civilians alike—were dead.

explanation:

monopolies  came to the united states with the colonial administration. the large-scale public works needed to make the new world hospitable to old world immigrants required large companies to carry them out. these companies were granted exclusive contracts for these works by the colonial administrators. even after the american revolution, many of these colonial holdovers still functioned due to the contracts and land

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