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After months of fierce debate, on November 15, 1777, the Congress adopted the Articles of Confederation, which established a unicameral legislature that served as the fledgling nation’s governing authority until 1788. The Continental Congress effectively transformed a collection of disparate colonies into a country under a functioning central government, and the Articles of Confederation served as the constitution of the new United States—until 1789
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the cycle of processes by which water circulates between the earth's oceans, atmosphere, and land, involving precipitation as rain and snow, drainage in streams and rivers, and return to the atmosphere by evaporation and transpiration.
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Milton Friedman was an American economist who wrote fundamental works in the fields of macroeconomics, microeconomics, economic history and statistics. In 1976 he received the Alfred Nobel Memorial Award for Economics for his achievements in the field of analysis of consumption, history and the theory of money and for his demonstration of the complexity of the stability policy. Friedman is regarded alongside John Maynard Keynes as the most influential economist of the twentieth century.
Friedman, who considered himself a classic liberal, represented the Chicago School, and emphasized the advantages of a free market and the disadvantages of government intervention. His basic attitude is expressed in his bestseller Capitalism and Freedom (1962). In it he called for the minimization of the role of the state in order to promote political and social freedom. In his television series Free to Choose, Friedman explained the functions of the free market and emphasized in particular that other economic systems could not adequately solve a society's social and political problems.
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it is better to make important or risky decisions after carefully thinking them through
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