The involvement of the United States in Yom Kippur War led into an oil embargo that shocked everyone. The price of oil are shockingly high from $3 to $12 in no time. The supply were not equally given to the demand of the consumers.
TRUE
<em>I'm assuming you included that as a true/false sort of question.</em>
The mercantile system believed the wealth of the world was a fixed amount, measured primarily in gold and silver accumulated. The system promoted a nation selling its products abroad but not needing to buy from others, or imposing heavy tariffs if importing anything. Colonies were created to provide raw materials and resources to the mother country and a market for the mother country's products. Commerce was heavily controlled by the government through charters granted to specific trading companies.
As one example, Great Britain strove to achieve its mercantilism goal by using the American colonies as a way of enriching the British home government. Britain also sought to control shipping by a dominant navy and merchant marine.
"Mercantilism" is a term we get from Scottish philosopher Adam Smith (1723-1790). Smith criticized what he called the "mercantile system" because it restricted trade and thus restricted economic growth. Smith countered by advocating a free market -- the opportunity for all nations to increase their wealth by exchanging goods freely with one another according to what would become known as capitalist principles.
The Radical Republic wanted to punish the South.
Sorry if its wrong but i think its They're painted directly on the walls if its multiple choice They also deal with religious themes sometimes