When the French gave up their North American territories, the Americans no longer needed the protection of British troops. www.yahooanswers.com
Answer:
Land – this is raw materials available from mining, fishing, agriculture
Capital – This is a manufactured item used to aid production, for example, machines, factories and computers
Labour – Human workers who are involved in producing the good.
Entrepreneur – the individual or business who take the initiative to set up a business and employ different factors of production (labour, capital and entrepreneur)
Knowledge – human capital – the skills and ability of workers. For example, a doctor who spent 15 years studying medicine is more productive than non-skilled workers.
State of technology – some schools of economics consider the state of technological development to be a factor of production. It will influence the effectiveness of capital investment.
Social capital – the coherence of society. Is there trust and working legal systems which enable entrepreneurs to have greater faith in setting up a business
Cultural heritage – if there is a strong tradition of investment and business, it is easier to replicate past business models.
Explanation:
Land – raw materials
Oil
Coal
Fish
Agricultural produce – fruit, vegetables, meat
Commercial real estate – land to build factories
Answer:
Washington warns the people that political factions may seek to obstruct the execution of the laws created by the government or to prevent the branches of government from exercising the powers provided them by the constitution.
A united states senate committee chaired by the U.S senator Gerald Nye who is a republican.
The United States had entered the conflict in Vietnam as the world’s superpower following its decisive victory over the Axis powers in World War II, but left Vietnam with a humiliating defeat, shockingly high casualties, American public sharply divided and its leaders uncertain of what lay ahead in foreign policy. The nation’s longest and most debilitating war – the only war the U.S. ever lost, had far-reaching consequences and impact on most aspects of American life from the economy, culture to domestic politics and foreign policy – some of which continue to do so today.The Vietnam War damaged the U.S. economy severely. The U.S. had poured some $168 billion into the war, but the real cost of the conflict was its impact on the economy.
After a few truly good years during 1962 – 1965 when there was low inflation, almost full employment and a favorable balance of trade<span>, </span>President Lyndon B. Johnson, who succeeded President Kennedy after his assassination in 1963, declared a “War on Poverty” through his “Great Society” programs while escalating the war in Vietnam at the same time.
However, his decision to finance both “guns and butter” – a major war and the Great Society simultaneously, without a significant increase in taxes unleashed an acceleration of inflation peaking at a runaway double-digit in mid 1970s.
Not until 1969 did President Johnson decided to introduce a 10% income tax surcharge, which is considered by many economists “too little and too late” and in turn also slowed down the economy. It’s worth mentioning that Congress would not allow that “surcharge” to be implemented until President Johnson agreed to cut $6 billion from domestic spending on Great Society programs. Despite their relative success, Johnson could have undoubtedly spent more on these programs had he not had to pay for the war abroad, which Martin Luther King, Jr. had referred to as a “America’s tragic distraction” at the beginning of Johnson administration
