<span>It is an economic system that relies on a free market. = CAPITALISM
The government is in control of the nation’s economy. = MERCANTILISM
It requires a nation to export goods worth more than the goods it imports. = MERCANTILISM
The government doesn’t get involved with the economy. = CAPITALISM
"Mercantilism" was a term coined by philosopher Adam Smith to describe the problem-plagued way business was being done at his time. Smith is famous for his writing on economic theory in </span><span><em>An Inquiry into the Nature and Causes of the Wealth of Nations</em> (1776), and is thought of as a founding father of capitalist thought. Lest you think of Adam Smith only as a capitalist thinker interested in economic growth, however, remember that he also published a significant book on ethics in 1759, titled, <em>A Theory of Moral Sentiments.</em></span>
In the 1970s the United States was in the cold war with Russia
1933 January 30 - Adolf Hitler becomes Chancellor of Germany. His Nazi Party, or the Third Reich, takes power and Hitler is essentially the dictator of Germany.
1936 October 25 - Nazi Germany and Fascist Italy form the Rome-Berlin Axis treaty.
1936 November 25 - Nazi Germany and Imperial Japan sign the Anti-Comintern Pact. This was a pact against communism and Russia.
1937 July 7 - Japan invades China.
1938 March 12 - Hitler annexes the country of Austria into Germany. This is also called the Anschluss.
World War II
1939 September 1 - Germany invades Poland. World War II begins.
from the website: https://www.ducksters.com/history/world_war_ii/ww2_timeline.php
