Economic growth occurs at times when economic agents' expectations are positive. This causes, on the part of the suppliers of goods and services, the perception of the opportunity to increase the revenue through the increase in the productive investment and consequently the increase of the supply of goods and services. When production increases, the number of jobs increases, which is also a sign of a prosperous cycle in the economy. This expectation is borne out by consumers' increasing demand for goods and services.
The provisions of the Missouri Compromise forbidding slavery in the former Louisiana Territory were repealed by it.
Explanation:
Sections 14 and 32 repealed the Missouri Compromise of 1820 by legislating about slavery into any territory or state. It left the people of Nebraska and Kansas free to decide about it.
