Answer:
The main effect is an unfortunate Reliance on Imports.
Explanation:
It is this reason that spurred Thomas Jefferson to cease all trade in order for America to develope it's own industry. This had also allowed the British to heavily influence the American economy with this new found reliance on their goods.
Answer:
The United States and Japan, Britain, and Germany are now friendly nations who rely on each other for military alliances, and economic trade.
Answer:
An abundance of raw materials was one reason for the nation's industrial success. The United States had vast natural resources, including timber, coal, iron, and copper. This meant that American companies could obtain resources cheaply and did not have to import them from other countries
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Answer:
Supply-side economics
Explanation:
Ronald Reagan's proposal were divided in four main pillars: reduce government spending, reduce federal income tax and capital gains tax, and reduce government regulation and inflation.
By this, he presented the return to free enterprise and free market economy. Reagan used the macroeconomic model theory called "supply-side economics", that is the possibility of economic growhty by reducing taxes and decreasing regulations.