What happened to fitch's steamboat business?

He did not make enough profits and went out of business.

Explanation:

After a battle with James Rumsey, who had also invented a steam-powered boat. The newly created federal Patent Commission did not award the broad monopoly patent that Fitch had asked for, but rather a patent of the modern kind, for the new design of Fitch's steamboat.

monarchy doesn’t have to have the hereditary element. there have been elective monarchies in the past where you choose your king-for-life and when he dies elect someone else for the job.

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