The factors that led to the development of Filipino nationalism was basically centered around one: the Spanish rule which existed on the islands for around three centuries. This started in the 1800's and continues on today, as the islands was often under the control of the Spaniards or the United States. Filipino nationalism includes political, social and economic freedom in the country and this was one of the reasons behind the first nationalist revolution in Asia in 1896.
<span>Jackson believed that out of all the officials in the federal government, the only one who truly represented all the people was the president. Members of the House of Representatives served only their own districts; senators represented their own states (and were at this time chosen by the state legislatures, not elected directly by the voters); and Supreme Court justices and federal judges were appointed, not elected. As president, then, he felt a special responsibility to protect the people's rights and interests. Jackson also believed that the government should not favor any one person or group over others; that is, it should not favor the few at the expense of the many. This belief contributed to Jackson's decision to veto the re-charter of the Second Bank of the United States, unleashing what came to be called "the Bank War." </span>
A market economy has several aspects that characterize it. It is very rare that all of these aspects are realized completely.
1) In this type of economy the government doesn't intervene.
2) Resources are privately owned. Goods and services are given by the individuals.
3) There has to be freedom of choice to buy and sell whatever the people want. Freedom of enterprise to start any business you want.
4) Every entrepreneur sees for himself and looks to maximize their profit. They act on self interest.
5) Competition is very important for a market economy to work. <u>In theory</u>, when there's competition the market will regulate itself preventing price and power abuses and guaranteeing the best price for the costumer.
