They placed a price control on petroleum companies because the oil crisis was getting out of hand. There was an embargo on countries that produced oil and on oil trading and prices were skyrocketing, going up from 3$ per barrel to a 12$ per barrel, and even more in many countries. Without the price regulations the prices could go even higher and the oil industry could collapse because people wouldn't buy oil.
<u>Montesquieu</u> argues that any government, if it is to protect the liberty of its citizens, needs <u>separation of powers.</u>
Napoleon used the ancient Roman term first consul due to the fact that he wanted to become a dictator like in Ancient Rome, wherein he also had seized power through the Military force just like Caesar, the dictator of Rome. He also dreamed of having an empire, which was strong as what the Romans had and he wanted to have the control over his dreamed empire.
Answer:
...“The father of modern economics supported a limited role for government. Mark Skousen writes in "The Making of Modern Economics", Adam Smith believed that, "Government should limit its activities to administer justice, enforcing private property rights, and defending the nation against aggression." The point is that the farther a government gets away from this limited role, the more that government strays from the ideal path... How this issue is handled will decide whether the country can more closely follow Adam Smith's prescription for growth and wealth creation or move farther away from it.”
Jacob Viner addressed the laissez-faire attribution to Adam Smith in 1928...
Here is a list of appropriate activities for government, which goes way, way beyond Mark Skousen’s extremely limited – and vague – 'ideal' government. That ... he goes on to attribute his ‘ideal’ list to Adam Smith ... is not alright.In fact, its downright deceitful, for which there is no excuse of ignorance (before attributing the limited ideal to Adam Smith we assume, as scholars must, that Skousen read Wealth Of Nations and noted what Smith actually identified as the appropriate roles of government in the mid-18th century).
