The Answer is D.Great Britain tax's and trade laws hurt the colonial economy
United Kingdom/Great Britain
The correct answer is B.
Milton Friedman (1912 - 2006) was an economist who received the 1976 Nobel Prize in Economics for his studies in consumption analysis, monetary history and complex theories related to stabilization, including goverment intervention policies.
Presidents such as Hoover or Coolidge, who had governed in the decade before the Great Depression, supported laisez-faire economic measures, that consisted on free functioning of the markets with minimum goverment interventionism. Markets alone, would produce the most efficent outcomes, according to his viewpoint. Therefore, the policies introduced by these governments, involved minimum government regulation of the economic activity by the goverment.
<u>This is why Friedman, such as many others, claimed for alternative policies which involved goverment intervention for stabilization purpouses, using the mechanisms of the fiscal policy.</u> Subsequent goverments did apply such measures, being the best example the New Deal, based on Keynesian economics and implemented by President Roosevelt. The New Deal aimed to create job positions for the large unemployed sectors of the US population, by increasing public expenditure (one of the variables of the fiscal policy) in public works and hence, creating employment to undertake those works.
The railroad route followed the Oregon, Mormon and California Trails. The new line was added and connected Omaha and Nebraska; followed the Platte River; crossed the Rocky Mountains at South Pass in Wyoming; and through northern Utah and Nevada before crossing the Sierras to Sacramento, California. Additional route connected Denver, Colorado and Salt Lake City, Utah and other cities not directly on the route. The Central Pacific laid 690 miles (1,110 km) of track, starting in Sacramento, and the Union Pacific laid 1,087 miles (1,749 km) of track, starting in Omaha. The two lines connected at Promontory Summit, Utah. (Impact) This route was chosen over the route in the southern part of the country because it was less mountainous.
Some pros of the Erie canal include:
Made harbor most important in America
Allows migration to other places
Inspired a transportation revolution
Cons:
Very expensive, dangerous and ugly work
Did not create a canal revolution that was predicted by Clinton
Isolated the south because now the north could rely on the easier to trade NW
<em>Sorry for the unfinished answer but my class hour is up, I will finish answering your questions tomorrow</em>
