The North had a LOT more people than the South, having up to 22 million people where the South had about 9 million.
The declarations of the letter to the U.S. Congress by the economists concerning the bailouts are evidently specified the disagreement of the source of the letter about the GM bailout. The document stated that the bailout would disrupt the notion of free market in U.S. and that it will break the people who held in the free market (Velasquez, 2012). Also, the bailout and government interference will shift the free market economy into socialism (ibid). The economists and other parties which is convoluted in the making of the letter, sustained the free market economy. They do not approve on government interruption as it disrupts the mechanism of the market that is free of any interference particularly from the government. The sources of the letter thought that it was GM’s own accountability to bail itself out of the insolvency. The bankruptcy was a consequence of bad management of the company and it was its own accountability to resolve the matter. The interference by the government will move the market mechanism. The bailout will disturb the equal right of the people of life, freedom, and possessions as what John Locke’s notion. Furthermore, government meddling will also lower the public’s safety based on Adam Smith’s theory.
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Thomas Paine is responsible for some of the most influential pamphlets about the colonial situation in the 1700’s. He found himself in the right position and time to make his opinions known through his writing. He was a journalist in Philadelphia when the American relationship with England was thinning and change was on the horizon. Paine became famous at this time for writing Common Sense, as well as his sixteen Crisis papers. Through his particular style of reasoning and vehemence, Paine’s Common Sense became crucial in turning American opinion against Britain and was instrumental in the colonies' decision to engage in a battle for complete independence.
During war time most male citizens are employed (If the waring country uses conscription) which lowers the national unemployment rate. Factories for non essential items will start to switch into making products for war use which makes businesses boom and grows the national economy. Also employment rates rise again due to the factory workforce hiring women and men who cant fight in war to work in the factories. War-bonds fund the government aswell, because citizens buy them in a way to "loan" their government to support the war effort which raises their military budget. The development of new technologies can also lead to economical prosperity.
A great example of this is the United States during the Great Depression when unemployment rates were at a all time high. Once Japan declared war on the United States, unemployment rates were back to normal due to conscription being implemented for male citizens. The females also worked in the factories creating munitions and arms for the war effort.
Answer Jackson decided to cloughs the bank
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