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A fixed exchange rate, often called a pegged exchange rate, is a type of exchange rate regime in which a currency's value is fixed or pegged by a monetary authority against the value of another currency, a basket of other currencies, or another measure of value, such as gold.
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Explanation:
Agriculture was the mainstay of the Chinese, Indian, and Ottoman Empire, in the 18th century. The governments hence focused tax burden on farmers.
The scholars were not the focal point. Also, the governments did not give support to the farmers in times of agrarian conflicts.
If the governments supported - both with money and favourable policies - the industrial revolution of the time would have been present in the 3 countries.
He felt that if congress couldn't solve the slavery issue, than the people could. However, the people, like John Brown, went to far, and (with his little army) ended up killing about 200 people who were in favor of slavery.