Too much money chasing too few goods is a common way use Early Keynesian theorists developed the balanced budget multiplier, which suggests that an equal increase in government spending and tax revenue will boost aggregate demand<span> by precisely the increase in the amount spent.</span>
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In both the New England and Chesapeake regions, English colonists established settler colonies based on agriculture, in contrast to French trading posts in Canada. These settlements were based on some form of agriculture and had some measure of self-sufficiency, especially in New England. For example, permanent settlements were established at both Jamestown in the Chesapeake and Boston in Massachusetts Bay. The economies of the New England and Chesapeake colonies were very different. The New England colonies had a more diverse economy which included shipping, lumber, and export of food crops. On the other hand, the Chesapeake colonies' economy focused almost exclusively on the production and export of tobacco and a few other cash crops. This focus on cash crops fostered a need for slave labor in the Chesapeake. As a result, more enslaved Africans went to the Chesapeake than New England. The New England climate and terrain was not suitable for growing cash crops like tobacco. A plantation economy did not develop in New England because plantation crops would not grow. In the Chesapeake, however, the soil, weather, and flat terrain were excellent for tobacco growing. Had the climate of Virginia been more similar to Connecticut, it’s reasonable to say the two colonies would have been very similar. The sharp contrast in the climates and terrain accounts for much of the difference in the development of the two regions.
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Department of Education
Explana
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During Carter's term as president, two new cabinet-level departments, the Department of Energy and the Department of Education, were established. He established a national energy policy that included conservation, price control, and new technology.
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Answer for the second
'Released from foreign war, we would probably be plunged into all the misery of anarchy and intestine war. Can we suppose that the people of the south, would submit to having the seat of Empire at Philadelphia, or New England; or that the people oppressed by a change of government, contrasting their misery with their former happy state, would not invite Britain to reassume the sovereignty.” — James Chalmers, Plain Truth, 1776
If the one above is the argument, you might consider that the colonists did obtain independence from England. That by itself was something that Chalmers always thought to be impossible without serious repercussions. He used to say that in the case of achieving freedom, America would just end up being attacked and maybe even colonized by some other country. What happened, thought, was that after the revolution, other countries gained respect for America as an opponent and the country was eventually left to be.
