The European balance of power referred to European international relations before the First World War, which evolved into the present states of Europe. The Nineteenth Century political concept emerged at the Peace of Paris in 1815. It is often known by the term European State System. Its basic tenet is that no single European power should be allowed to achieve hegemony over a substantial part of the continent and that this is best curtailed by having a small number of ever-changing alliances contend for power.
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So let's count some of the ways that the federal government influences our daily lives. We eat safer food, take tested medications, breathe cleaner air and drink purer water all because of the government our tax dollars support.Some of the most common ways that a government may attempt to influence a country's economic activities are by adjusting the cost of borrowing money (by lowering or raising the interest rate), managing the money supply, and controlling the use of credit. Collectively, these policies are referred to as monetary policy.
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"Splendid Isolation" - the idea that Britain should avoid continental entanglements
