U.S. banks stopped investments in Europe and demanded repayment of foreign loans
Answer:
Use of machinery with the division of labour reduced the required skill level of workers and also increased the output per worker. The factory system was first adopted in Britain at the beginning of the Industrial Revolution in the late eighteenth century and later spread around the world.
Explanation:
Answer:
D. Competition leads to efficiency.
Explanation:
Mercantilism was a set of practices that aimed to strengthen the wealth of European states, by establishing a strong trade and expanding the economy resulting in the promotion of the enrichment of the bourgeoisie that could pay more taxes.
During this period of time, sea expeditions were heavily influenced to find new markets for local trade, the sense of economic competition between countries also began, which promoted a better quality of products to be stipulated. In this way, it was believed that competition was driving the efficiency of production processes.
Answer:
Minerals that are found in the west are gold, copper, lead, zinc.
During World War II the British had mobilized India’s resources for the imperial war effort. They crushed the attempt of Mahatma Gandhi in the Indian national Congress to force him to quit India in 1942
