The U.S Failed to recognized That it was a Civil war And most of the wars Were engaged in WW1 and WW2
Narrow specialization of tasks within a production process so that each worker can become a specialist in doing one thing, especially on an assembly line. In traditional industries (see sunset industries), division of labor is a major motive force for economic-growth. However, in the era of mass customization (which requires multiple skills and very short machine change-over time), division of labor has become much more flexible. Also called specialization of labor.
John Locke, (born August 29, 1632, Wrington, Somerset, England—died October 28, 1704, High Laver, Essex), English philosopher whose works lie at the foundation of modern philosophical empiricism and political liberalism. He was an inspirer of both the European Enlightenment and the Constitution of the United States. His philosophical thinking was close to that of the founders of modern science, especially Robert Boyle, Sir Isaac Newton, and other members of the Royal Society. His political thought was grounded in the notion of a social contract between citizens and in the importance of toleration, especially in matters of religion. Much of what he advocated in the realm of politics was accepted in England after the Glorious Revolution of 1688–89 and in the United States after the country’s declaration of independence in 1776.
Locke’s family was sympathetic to Puritanism but remained within the Church of England, a situation that coloured Locke’s later life and thinking. Raised in Pensford, near Bristol, Locke was 10 years old at the start of the English Civil Wars between the monarchy of Charles I and parliamentary forces under the eventual leadership of Oliver Cromwell. Locke’s father, a lawyer, served as a captain in the cavalry of the parliamentarians and saw some limited action. From an early age, one may thus assume, Locke rejected any claim by the king to have a divine right to rule.
After the first Civil War ended in 1646, Locke’s father was able to obtain for his son, who had evidently shown academic ability, a place at Westminster School in distant London. It was to this already famous institution that Locke went in 1647, at age 14. Although the school had been taken over by the new republican government, its headmaster, Richard Busby (himself a distinguished scholar), was a royalist. For four years Locke remained under Busby’s instruction and control (Busby was a strong disciplinarian who much favoured the birch). In January 1649, just half a mile away from Westminster School, Charles was beheaded on the order of Cromwell. The boys were not allowed to attend the execution, though they were undoubtedly well aware of the events taking place nearby.
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Explanation:When it comes to financial planning, economics plays a major factor in people’s personal finances in many ways, it is an essential part of the world we live in today. When you buy gas, or shop for groceries, plan a vacation, economics is at the core of those choices. So why does economics play such a vital role, what is the driving force behind this? In its simplest form, it’s based on choice. We will look at a few factors that impacts financial planning and the economy, including the use of credit, and how the government affects the economy.
Consumers make choices every day that affect the economy we live in, and in return these choices impact one’s personal finances. Take for instance, buying clothing at retail establishment that is trending,…show more content…
They have the option to use cash, check, or credit. Cash and checks are simple and straight forward, you have money earned and you spend the amount you want to spend. Credit on the other hand involves a bit more complexity, because it is borrowed or promissory money one is using. Credit plays an important role in personal finance and the economy. According to an article by the Federal Reserve Bulletin,
By offering consumers both a means to pay for goods and services and a source of credit to finance such purchases, credit cards have become the most widely used credit instrument in the United States. As a payment device, credit cards are a ready substitute for checks, cash, and debit cards for most types of purchases (Federal Reserve, 2013).
