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vladimir1956 [14]
3 years ago
6

Does the legislative branch have the power to borrow money

History
1 answer:
KengaRu [80]3 years ago
5 0
The legislative branch in and of itself cannot borrow money, but it can created legislation that permits the federal government as a whole to borrow money, which of course impacts them as well.
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This question is incomplete; here is the complete question:

The Europeans began to colonize areas rich in resources such as rubber and petroleum after ______. Factories transformed such raw materials into finished goods, but they needed _______ to sell these finished goods.

1st blank options :

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2nd blank options:

new markets

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The correct answers are 1. The Industrial Revolution and 2. New markets

Explanation:

Many European countries such as England, France, or Spain colonized and exploded territories in other continents such as Africa or America to obtain natural resources that were needed for massive production. This included the use of rubber and petroleum, which were either used as fuel for machines or to produce goods. For example, petroleum could be used as fuel or to make products such as tires. Moreover, this occurred after the first Industrial Revolution as the economy focused on manufacture and exploiting resources allowed countries to increase their profits.

Moreover, the massive manufacture of goods required new markets or consumers that could buy for the products. This motivated the expansion of trade as finished products began to be massively sold not only in the countries they were produced but in other countries.

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