<span>This concept allowed for the people of China to remove an incompetent ruler from power if they felt that the spirits in Heaven did not approve of him.
The Zhou Dynasty adopted a philosophy known as the Mandate of Heaven. This concept allowed for the people of China to overthrown a king who was considered to rule unfairly.
Explanation:
In 1046 BC, the Zhou, a community living in the Western part of the kingdom, overthrew the Shang Dynasty at the Battle of Muye. The Zhou largely had the support of the people, as the king of the Shang has become cruel and unfair.
Once in power, the Zhou established what it is known as the Mandate of Heave, a philosophy that stated that there could only be one legitimate ruler of China, and that this ruler had to have the approval from the Gods. If a ruler behaved in a cruel or unfair way, that meant that the Gods were not longer approving of his place, and that people should overthrown him.
If, the reserve requirement is 10%, then the money supply reserve multiplier is 10 and the money supply should be 10 times reserves. When a reserve requirement is 10%, this also means that a bank can lend 90% of its deposits.
Barbed wire played a central role in the development of the Wild West. The “Devil's Rope” transformed the plains from an expansive open range into a set of defined and enforced tracts of cattle land and farm ground, buttressing property rights and facilitating a boom in economic productivity.
