The institutionalization of trade has been around since the "value theory" of David Ricardo in 1817, which argues that some countries had more feasible conditions to produce a better output of certain products in comparison to others. As a result, they had to engage in trade with other countries that had products they lacked.
"Labor" and "resources" are the key factors that fuel trade. As some countries have a cheaper labor force, it makes their products have competitive prices in the market. On the other hand, certain countries have scarce resources that many other countries do not have such as gold and other minerals. Therefore they have to engage in trade with the countries that extract them from their soil.
Answer:
HOGG, JAMES STEPHEN (1851–1906). James Stephen Hogg, the first native governor of Texas, was born near Rusk on March 24, 1851, the son of Lucanda (McMath) and Joseph Lewis Hogg. He attended McKnight School and had private tutoring at home until the Civil War. His father, a brigadier general, died at the head of his command in 1862, and his mother died the following year. Hogg and two of his brothers were left with two older sisters to run the plantation. Hogg spent almost a year in 1866 near Tuscaloosa, Alabama, going to school. After returning to Texas, he studied with Peyton Irving and worked as the typesetter in Andrew Jackson's newspaper office at Rusk. There he perfected his spelling, improved his vocabulary, and was stimulated by the prose and poetry contributions of his brother Thomas E. Hogg, who was studying law. Gradually, the family estate had to be sold to pay taxes and buy food, clothes, and books while the brothers tried to prepare themselves to earn a living by agriculture and practicing law as their father had done.
Explanation:
The Proclamation of 1763 prohibited colonial settlement west of the Appalachian Mountains
Answer:
B. Lowered mortage rates for homes
Explanation:
The Federal Home Loan Bank Act of 1932 is a piece of legislation that was approved in the United States. It was created to encourage homeownership by providing member banks with low cost money to utilize for mortgages.
It would be primarily in a "socialist" economic system that the government controls the businesses that affect most citizens, such as railroads and electrical power, since wealth in this system is largely "redistributed" through the federal system.
