According to the Declaration of Independence, a government’s power comes from "the people", since the people need to elect the representatives that make decisions for them regarding the state. This is known as "popular sovereignty".
Answer: As an event, the Industrial Revolution had both positive and negative impacts for society. Although there are several positives to the Industrial Revolution there were also many negative elements, including: poor working conditions, poor living conditions, low wages, child labor, and pollution.
Explanation:
The first main reason was most of the market was based solely on credit, which was stock that was purchased without actual cash, but purchased on credit.
The second factor was the massive pull out by many investors due to a panic that caused the Banks to attempt to purchase these stocks leading to a complete collapse in the market.
A monarchy is a type of government ruled by a hereditary ruler, such as a king or queen. A theocracy, on the other hand, is a system where a small group of religious leaders rule in the name of a god. A monarch who claims the divine right of kings uses their religion to justify their position of power. (See image: Courtesy of tvtropes.org) A monarch can claim to rule by god's will, but doesn't have to be a religious leader.