Friedrich Hayek was an Austrian Economist known for his work on the <em>Theory of Money</em>, which earned him a Nobel Memorial Prize in 1974. He openly supported classic liberalism, which emphasized the economic freedom of all individuals who formed part of society.
Hayek opposed expansionary spending (or expansionary monetary policy) because he considered, following principles of liberalism, that government intervention in the economy should be kept at its minimum expression. It is up to individuals and the economic relations they form as to whether an economy grows or not. The increase of money supply in a country could bring negative effects such as <em>inflation, </em>which is the sustained increase in the prices of goods and services.
If an animal's natural predator was removed from the food web, the population of that animal would increase because less predators would be hunting it.
Answer:
It influenced the United States because the philosophy.
Explanation:
It drove 19th-century U.S. territorial expansion and was used to justify the forced removal of Native Americans and other groups from their homes. The rapid expansion of the United States intensified the issue of slavery as new states were added to the Union, leading to the outbreak of the Civil War. It also affected the US because the idea drove expansion, annexation and active movement towards the west. It also meant a constant struggle with Native Americans who inhabited the land.
