<span>King George III speaks before both houses of the British Parliament to discuss growing concern about the rebellion in America, which he viewed as a traitorous action against himself and Great Britain. He began his speech by reading a “Proclamation of Rebellion” and urged Parliament to move quickly to end the revolt and bring order to the colonies.
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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.
Carnegie could cut his costs because he owned the supply of raw materials and the means of production and distribution. Is the answer to your question
Hope I helped :)
1.After the fall of the Han Dynasty..rebel groups seized control of their own areas of China.Their leaders made themselves kings and started fighting with each other.
2. The Sui Dynasty began to set in motion an artistic and cultural renaissance. Sui emperor seized the throne and took firm control of North China.
3. Sui emperor won the West and South and ruled over unified China..
4. Confucian rituals were reestablished. Penal code was set up and administrative laws that were lenient, fairer, and simpler.
5. Short regime collapsed in a welter of rebellions. The relations with the Turks in the West deteriorated and the wars in Korea to exact tribune failed,
