9 power treaty is...
a treaty resulting from the Washington Armaments conference. It pledged the signers to support the principle of Open Door Policy which enable all nations to compete for trade and investment opportunities in China on equal footing rather than allow individual nations to create economic monopolies in particular regions. The nine countries were: US, Britain, France, Japan, Italy, China, Belgium, Portugal, and the Netherlands
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Answer:
In part, this balanced approach was likely motivated by the significant slowdown in U.S. productivity growth, uptick in inflation, and, by the mid-1970s, doubling of the unemployment rate that coincided with the expansion of federal oversight into areas such as environmental quality. 2 To better understand the potential effects of environmental regulation on the economy several government reports were commissioned to investigate the potential impacts on a wide array of measures, including national economic growth, industries and firms, employment, and consumers (e.g., U.S. CEQ, 1971).
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