Answer:
Europeans became more aware of other cultures. They encountered new ideas and knowledge, as well as new foods, spices, cloth, and other exotic goods. Travellers returned to their homes with new ideas and attitudes that led to new ways of thinking about their own lives and their own societies.
Explanation:
I think the United States help Western European countries regain their economic strength in order to hold off the threat of communism by initiating the Marshall Plan.
B.) to leave alone and let be
Laissez-faire refers to a free market economic policy where the government has no control over the economy. It is a French term which means to "let it be".
Capitalism in its pure form is a laissez-faire economic system. During the late 19th century, the US practiced laissez-faire capitalism. The government had no regulations on the economic system and employers were allowed to run their businesses as they wished. In a free system like this there are opportunities to become very wealthy but workers are often exploited.
The person who has been known up until today as the "father of modern economics" is Adam Smith. A thinker and philosopher from Scotland, born in 1723 and died in 1790, Adam Smith was given this important title because of his ideas and theories on laissez-fair and the tendency of free markets to regulate themselves by way of competition, supply, demand and self-interest. He wrote several books where he proposed his economic ideas, among which we have: The Theory of Moral Sentiments, where he expresses this ideal of a hidden hand, which means the capacity of markets to autoregulate and An Inquiry into the Nature and Causes of the Wealth of Nations. He was also the proponent of the theory of compensating wage differentials, which states that jobs that are riskier pay much better wages to workers because of the risk they represent, versus jobs that offer little to no risk. He is also known as the father of Capitalism.
