The Renaissance was a period in European history, from the 14th to the 17th century, regarded as the cultural bridge between the Middle Ages and modern history.
A Mixed Economy: The Role of the Market. The United States is said to have a mixed economy because privately owned businesses and government both play important roles. ... When economic forces are unfettered, Americans believe, supply and demand determine the prices of goods and services.
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According to the generally accepted opinion, in the “roaring twenties” Americans departed from traditions, yielding to the temptation of new ideals and unlimited tolerance. However, it should be noted that not all society was captured by unorthodox trends. There were also those who were disgusted with the excesses of "modernism" and fear of its dangers. The second decade of the 20th century was marked by both the movement for change and the stubborn resistance to these changes.
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C. Furnish raw materials to the mother country and buy British manufactured goods.
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Mercantilism was the trade theory followed by the European powers from 1500 to 1800. This theory advocated that the nation should export more and import less to accumulate bullion. The export of finished goods was supported by the primary industries. It was the reaction to the economic problems caused when the states were too weak to control their economies and for the development of their, the countries started to occupy colonies. The colonies were a major sources of raw materials for mercantile powers and also served as a market. England put the theory of mercantilism into English colonies by Navigation Acts.