Energy and Economy Balance News

Prior to the formation of the United States, the British colonies that would eventually all become the United States all dealt in their own local currencies. During the Revolutionary War though, the soon-to-be United States introduced a national currency which slowly went on to replace these local currencies. For most countries, this pattern in history occurred, with nationalization creating a single currency. However, today, Germany is going in quite the opposite direction, with the nation having approximately twelve regional currencies, and the potential for this number to increase to sixty.

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Historically, the energy market in the U.S. was regulated and this lead to monopolies controlling the industry. The problem with monopolies is that they become complacent. They believe that you need them, as opposed to them needing you. Their customer service is quite often bad and lack of competition invariably means increased prices.

Original post by News-and-Society:Economics Articles from EzineArticles.com