<span>Hamilton wanted a central bank, or what he referred to as "The Bank of the United States". Hamilton believed this would make the nation's new economy, a lot stronger, through a more stable paper currency.
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Ended the party--in the War of 1812, the northern Federalists lost trade with Great Britain.
Federalists believed the US must become an industrial country not a farming country. The Hartford Convention was a discussion of New England states leaving the Union. When the war ended, they no longer needed to leave because they could trade with Great Britain again and the country now were united in creating an industrial country with a national banking system. The Federalist party disappears and the US is a one party country until the 1828 election.
Land <span>It refers to all natural resources which are free gifts of nature. Land, therefore, includes all gifts of nature available to mankind—both on the surface and under the surface, e.g., soil, rivers, waters, forests, mountains, mines, deserts, seas, climate, rains, air, sun, etc.
labor </span><span>Human efforts done mentally or physically with the aim of earning income is known as labour. Thus, labour is a physical or mental effort of human being in the process of production. The compensation given to labourers in return for their productive work is called wages (or compensation of employees).
capital</span><span>All man-made goods which are used for further production of wealth are included in capital. Thus, it is man-made material source of production. Alternatively, all man-made aids to production, which are not consumed/or their own sake, are termed as capital.
eutrenprenuer </span><span>An entrepreneur acts as a boss and decides how the business shall run. He decides in what proportion factors should be combined. What and where he will produce and by what method. He is loosely identified with the owner, speculator, innovator or inventor and organiser of the business. Thus, entrepreneur ship is a trait or quality owned by the entrepreneur.</span>
The nanjing massacre was the reason for increased tension between japan and the U.S.
