Answer:
slavery was work that the colonies forced upon kidnapped people that we bought; indentured labor had to do with forcing those who owed you a debt to work for you until they paid it off. the similarity is that people were forced to work in often harsh condition, and harsh rules, without paying them.
Explanation:
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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).
Not really decorated in that sense as making them look "good" i guess, but they were mostly leather bound and covered in tar to help preserve the wood.
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