Answer: The major difference between the North and the South -- and the one most responsible for the Civil War -- was the institution of slavery. In the North, slavery was almost universally prohibited by the 1800s, while the institution was a cornerstone of Southern society. In the North, many blacks were free, and in states such as Massachusetts, New York and Ohio, 100 percent of the black population was free. In the states of the Confederacy, by contrast, few blacks were free.
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<u>Importance of satellite states during cold war:</u>
The Cold War was the struggle between "two world superpowers", the "USA and the USSR". It started in 1947 and lasted until the dissemination of the "Soviet Union on December 26, 1991".
The main goal for the creation of satellite states in Eastern Europe was the need for security. The Soviet Union was the only country in the world and it is believed that "Western countries" were bent on destroying it.These satellite states gave elasticity between themselves. They gained a huge territory for trading purpose. They have been enriched with power and theory strengthened communism.
The political party used propaganda
<span> Adam Smith recommended laissez-faire with a government that facilitates the development of the human mind and promotes the peace, however, not one that has its hands the market.</span>
Contract adjustment. PPI data are commonly used in adjusting purchase and sales contracts. These contracts typically specify dollar amounts to be paid at some point in the future. It is often desirable to include an adjustment clause that accounts for changes in input prices. For example, a long-term contract for bread may be adjusted for changes in wheat prices by applying the percent change in the PPI for wheat to the contracted price for bread. (See Price Adjustment Guide for Contracting Parties.)
Indicator of overall price movement at the producer level. PPIs capture price movement prior to the retail level. Therefore, they may foreshadow subsequent price changes for business and consumers. The President, Congress, and the Federal Reserve employ these data in formulating fiscal and monetary policies.
Deflator of other economic series. PPIs are used to adjust other time series for price changes and to translate those series into inflation-free dollars. For example, constant-dollar gross domestic product data are estimated using deflators based on the PPI.
Measure of price movement for particular industries and products.
Comparison of input and output costs.
Comparison of industry-based price data to other industry-oriented economic time series.
Forecasting.
LIFO (i.e., last-in, first-out) inventory valuation.