Pragmatism is the American school of philosophy and originated in US during second half of nineteenth century. It has influenced non-philosophers in the fields of education, politics, psychology and sociology. It deals with the practical results and considers human action and its consequences as the measure of truth. In pragmatism experimentation is nor only a method of scientific investigation but also the primary way people engage with others and the world around them. Different pragmatists utilise different models for experimentation.
Action taken by a country whose exports are adversely affected by the raising of tariff or other trade-restricting measures by another country. Also called retorsion
During the Reconstruction Era, Cotton became a protagonist in the industrial growth of the Southern States. Southern capitalists sank Money into cotton rather than factories or land. More precisely, they invested in slaves; the average slave owner held almost two-thirds of his wealth in slaves in 1860, much less than he held in land.
