The central government was weak due to the " free veto "
David Ricardo's iron law of wages stated that : wage increases would not raise the standard of living for poor families
Because when the wage increases, the price of the commodities tend to also be increased, which cause not change for the standard of living
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Answer:
He borrowed money and began his own steel mill. He used the money to buy out rivals, and he controlled all phases of the steel industry. If he owned the rails and the mines, he could reduce his costs and produce cheaper steel. Carnegie was a good judge of talent. His assistant, Henry Clay Frick, helped manage the Carnegie Steel Company on its way to success.
A financial precipice is a mix of lapsing tax breaks and no matter how you look at it government spending slices booked to end up plainly compelling Dec. 31, 2012. The thought behind the financial bluff was that if the national government enabled these two occasions to continue as arranged, they would detrimentally affect an effectively insecure economy, maybe sending it once more into an authority recession as it cut family unit earnings expanded unemployment rates and undermined purchaser and speculator certainty