Louisiana Purchase (French: Vente de la Louisiane 'Sale of Louisiana') was the acquisition of the Louisiana territory of New France (828,000 sq mi (2,140,000 km2; 530,000,000 acres)) by the United States from France in 1803. The U.S. paid fifty million francs ($11,250,000) and a cancellation of debts worth eighteen million francs ($3,750,000) for a total of sixty-eight million francs ($15 million, equivalent to about $600 billion given the GDP of 2017[1]). The Louisiana territory included land from fifteen present U.S. states and two Canadian provinces. The territory contained land that forms Arkansas, Missouri, Iowa, Oklahoma, Kansas, and Nebraska; the portion of Minnesota west of the Mississippi River; a large portion of North Dakota; a large portion of South Dakota; the northeastern section of New Mexico; the northern portion of Texas; the area of Montana, Wyoming, and Colorado east of the Continental Divide; Louisiana west of the Mississippi River (plus New Orleans); and small portions of land within the present Canadian provinces of Alberta and Saskatchewan. Its non-native population was around 60,000 inhabitants, of whom half were African slaves.[2]
The Kingdom of France controlled the Louisiana territory from 1699 until it was ceded to Spain in 1762. In 1800, Napoleon, then the First Consul of the French Republic, hoping to re-establish an empire in North America, regained ownership of Louisiana. However, France's failure to put down the revolt in Saint-Domingue, coupled with the prospect of renewed warfare with the United Kingdom, prompted Napoleon to sell Louisiana to the United States to fund his military. The Americans originally sought to purchase only the port city of New Orleans and its adjacent coastal lands, but quickly accepted the bargain. The Louisiana Purchase occurred during the term of the third President of the United States, Thomas Jefferson. Before the purchase was finalized, the decision faced Federalist Party opposition; they argued that it was unconstitutional to acquire any territory. Jefferson agreed that the U.S. Constitution did not contain explicit provisions for acquiring territory, but he asserted that his constitutional power to negotiate treaties was sufficient.
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Delegated (sometimes called enumerated or expressed) powers are specifically granted to the federal government in Article I, Section 8 of the Constitution. This includes the power to coin money, to regulate commerce, to declare war, to raise and maintain armed forces, and to establish a Post Office.
Explanation:
Answer: In finance and accounting, capital generally refers to financial wealth, especially that used to start or maintain a business. In classical economics, capital is one of the four factors of production. ... Goods that can be used in the production of other goods (this is what makes it a factor of production).
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The right answer is:
(1) It allowed elements of capitalism within a communist economic system.
Explanation:
In the early 1920s, facing a dire economic and social situation, the Bolsheviks had to take a few steps back and reintroduce some capitalistic elements in order to stimulate growth and make the countryside produce food. In the 1980s, Mikhail Gorbachev attempted to reform a stagnated Soviet economy by allowing private initiative, entrepreneurship and decentralization of economic decisions; Gorbachev´s perestroika failed to achieve its ends, political instability took place and ultimately, communism in Eastern Europe collapsed, including the USSR.
