Although there were enslaved people in practically all areas of the United States during this time, a vast majority of them were in the South, since this is where they were worked on large farms that produced cash crops.
Both Adam Smith and Ayn Rand would agree that individuals and businesses want what benefits them the most.
Concordat of 1801, agreement reached on July 15, 1801, between Napoleon Bonaparte and papal and clerical representatives in both Rome and Paris, defining the status of the Roman Catholic Church in France and ending the breach caused by the church reforms and confiscations enacted during the French Revolution.
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Using as an argument the fact that many people are doing such a thing, then, everyone should practice, it is a fallacy ad populum. Its subcategory is the bandwagon fallacy, as it tries to get the listener to "jump on the bandwagon" with others.
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Answer:
a monetary policy regulates the banking industry by controlling interest rates ; a fiscal policy controls how much money the government takes in and spends.