A free-market economy works well only without the government’s interference.
Adam Smith's theories are the basis for free-market capitalism and is the model of early capitalistic systems.
The Wealth of Nations lays out the economic theory of capitalism based on a free-market. As Adam Smith describes a free-market, the government should not interfere or regulate trade for the best results. When the government keeps their hands off the economy, large amounts of wealth can be earned and new businesses can grow with private investment and competition. Gilded Age capitalism is an example of free-market without government regulation. It produced unbridled wealth but also a large gap in social classes. Smith argues that is a necessary consequence to create motivation and competition.
Answer:
D. Jules Ferry.
Explanation:
In the journal entry "Imperialism and Resistance Shape the Modern World", authors Saul Straussman and Bridgette Byrd delve into how Imperialism increased and was also beneficial for the European powers. It also reveals how such a process was successful, and how it has shaped the way the modern world is now.
Among the numerous personalities quoted in the article, Jules Ferry would be most likely supportive of the statement that Europeans are superior to other races. This can be judged from his statement :
<em>Gentlemen, I must speak from a higher and more truthful plane. It must be stated openly that, in effect, superior races have rights over inferior races…. I repeat that superior races have a right because they have a duty. They have the duty to civilize inferior races…. (qtd. in Andrea and Overfield 296)</em>
He emphasized and justifies the act of imperialism, implying that it was the Europeans' right and job to 'civilize' the other weaker and lesser races.
Thus, the correct answer is option D.
I believe the answer is C but confirm online! Hope this helped :))
Answer:
i think the gulf of mexico
Explanation:
is definitely not british columbia