Science-Chemistry

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The alchemists were lookin 4 control over their world. what would the philosophers stone enable them to do? how would this give them control?

I wrote: The philospher's stone would enable them to gain fortunes, such as, if they found metal, they could change it to gold by the philosopher's stone, It could also cure diseases and prolong life.

I got the first part, but I am unable to explain on how this would give them control.

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