During the Ming dynasty, the main reason why China enjoyed a favorable balance of trade with Europe was because "(3) Chinese silk continued to be in high demand <span>in Europe."</span>
Answer:
Write about something that made you think differently about the world
Explanation:
Answer:
The Treaty of Versailles led to World War II because its terms punished Germany too severely. The treaty stripped away Germany's land acquisitions, required Germany to pay billions in reparations, and forced them to accept responsibility for World War I.
Explanation:
The correct answer is:
To leave the economy alone
Laissez-faire, is a French phrase that means "let (it/them) do" or "let go". It is an economic system in which regulation, privileges, tariffs and subsidies between private parties are free from government intervention. The idea came from the economist and philosopher Adam Smith, he stated that the economy's equilibrium will be obtained when the government minimizes intervention. Thus he believed the government’s role in laissez-faire capitalism was to leave the economy alone.
In the 1920s, many rural banks failed because banks had speculated in stocks. This in turn, led to failure of such banks and then soon after the Great Depression followed.
