First, had the Confederacy won the Civil War, slavery would have undoubtedly continued in the South. As a result of the Emancipation Proclamation and the Union victory, slavery was abolished. ... A victory by the North did equate to the end of slavery. A victory by the South would have meant the opposite.
A tool that is not useful for economic health is spending.
<u>One of the most famous law codes that have been preserved along history</u> is actually <u>the Code of Hammurabi</u>, which he used to rule Babylon. Nowadays it is exhibited at Louvre, in Paris.
The Code of Hammurabi dates back to 1754 BC. He used a large carved stone to list a set of rulings, mainly punishments, which adjusted with different intensity levels the principle <em>"an eye for an eye, a tooth for a tooth" . </em>The code includes the first manifestations of contract law, property law or family law and also regulations concerning transactions or social responsibilities.
Between 1640-1660, Great Britain enjoyed the greatest benefits of mercantilism. During this period, the prevailing economic wisdom suggested that the empire's colonies could supply raw materials and resources to the mother country and subsequently be used as export markets for the finished products.
