In 1790, the national bank Hamilton established: national currency
By the time national currency was established, it mandated people who live in the country to only acknowledged the national currency as the standard medium of exchange for every transaction. This was a part of the agreement that was made on the Constitutional Convention on September 17, 1787.
I agree with the author that the world Industrial Revolution did not first happen in China.
<h3>What is
Industrial Revolution?</h3>
An Industrial Revolution refers to shift in process of agrarian economy to an industrial and machine economy.
The first Industrial Revolution happened in Britain in the area of manufacturing processes.
In China. the first industrial revolution was experienced between the 1988 - 1998 which features a mass production of labor-intensive light consumer goods across the country.
in conclusion, I agree with the author on the stance.
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Answer:
Industrialization was greatly increasing the economic, military, and political strength of the societies that embraced it. By and large, the countries that had benefited from industrialization were the ones that had the most necessary components of land, labor and capital, and often the government support.
Explanation: