Answer:
Specialization Leads to Economies of Scale
Explanation:
As labor is divided amongst workers, workers are able to focus on a few or even one task. The more they focus on one task, the more efficient they become at this task, which means that less time and less money is involved in producing a good.
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What happened right after the Revolutionary War ended? It's easy to think the United States of America was birthed immediately after the British surrendered at Yorktown, but in truth it was a long, arduous process to transform the idealistic embryonic state to a fully-formed nation. It actually took several years of difficult diplomacy after the last British soldier surrendered for a peace treaty with Great Britain to be established. Not even the most insanely cool Revolutionary War hero could help speed up the process. It also took a long time for the British soldiers to actually leave American soil, taking loyalists and slaves with them back to England.
The real work began after the British left, however. History rarely plays out easily for anyone. With much toil and debate, the United States constitution was written after the country spent years languishing in economic hardship. Rebellions, disorganized states, and an ineffective Continental Congress threatened to destroy the great experiment that was America. Luckily, the country managed to get its act together and write the constitution we're still using today. However, it was certainly a winding, complicated road to get there.
Answer:
Mercantilism was an economic doctrine from 1500's through the 1700's that espoused strict control of international trade as a means to greater economic and political power. By decreasing imports and increasing exports, gold would flow into the country at the expense of trading partners, thus weakening economic opponents and strengthening the mother country. This doctrine is apparent in the relationship between Great Britain and the colonies of North America who were viewed as a source of raw materials and an additional market for manufactured goods. Do you think that elements of present day US foreign trade policy mimic mercantilism policy? Be sure to explain your point of view and give specific examples
Explanation:
Mercantilism was an economic doctrine from 1500's through the 1700's that espoused strict control of international trade as a means to greater economic and political power. By decreasing imports and increasing exports, gold would flow into the country at the expense of trading partners, thus weakening economic opponents and strengthening the mother country. This doctrine is apparent in the relationship between Great Britain and the colonies of North America who were viewed as a source of raw materials and an additional market for manufactured goods. Do you think that elements of present day US foreign trade policy mimic mercantilism policy? Be sure to explain your point of view and give specific examples
