The correct answer is Diocletian
Answer:
B. The expansion of railroad networks enabled ranchers to transport cattle to the East and expand into new markets.
Explanation:
Answer:
This borrowing may have a negative impact by crowding out private investment.
Explanation:
When the government goest into deficit spending to stimulate the economy in times when the economy is slowing down, what happens is that the government now demands more loanable funds: it demands a higher proportion of the savings in the economy in the form of government bonds.
This higher government demand for loanable funds crowds out private investment for two reasons:
- It raises the interest rate, making private investment more expensive.
- It reduces the amount of loanable funds available for the private sector (because it takes over a larger share of them).
In the seventeenth century the dominant European presence in the Southeast Asia shifted from conquest to settlement, after several insurrections that arose in the Asian islands, but that were flatly suppressed, Spanish sovereignty was definitively established throughout the region. With the entry of the House of Bourbon in the reign of Spain, the reforms made by Philip V to the country and the colonies was imposed without problems to the Captaincy General of the Philippines. During this century, expeditions of vital importance to the Pacific were made.
