Answer:
Yes there can be economic growth without development.
Explanation:
Economic growth may only benefit a small % of the population. For example, if a country produces more oil, it will see an increase in GDP. However, it is possible, that this oil is only owned by one firm, and therefore, the average worker doesn’t really benefit.
Land Act of 1820
Date: 1820
Description/Significance:
This act is significant in that it triggered the settlement of the Northwest and Missouri territories. This act encouraged those settlements by lowering the price of public land and also by prohibiting the purchase of federal acreage on credit. This eliminated one of the causes of the Panic of 1819.
Conflicts with European countries caused them to sign the Monroe Doctrine, which specified that the United States would not intervene in the internal affairs of European countries. They formed friendly ties with British Canada and the Spanish province of Florida. These feelings of patriotism and solidarity arose as a result.
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Taft was in favor of lower tariffs while TR wanted higher tariffs. Roosevelt was in favor of a national income tax, but Taft did not like the idea. It was the rift between Roosevelt and Taft that led to a schism in the Republican Party. This led to the victory of the Democrat Wilson in the 1912 Presidential election.
