The discovery of America and that of the passage to the East Indies by the Cape of Good Hope, are the two (2) greatest events re
corded in the history of [human] kind" – Adam Smith, in The Wealth of Nations,1776. Think about why he and many other notables supports this statement, especially concerning the discovery of America. What was so important about this New World across the Atlantic Ocean from Europe?How did it change globalization in terms of trade, culture, societies, innovations, old and new world exchanges, and in other ways?
Throughout the three centuries following the discovery of America and the passage to the East Indies by the Cape of Good Hope, there was a remarkable development of intercontinental trade, which led to intercontinental specialization and a global division of labor, the foundations of globalization.
Explanation:
While western Europe gained vital raw materials to speed its industrialization, found expanded markets for its industrial products, and developed high living standards, the peripherical countries were forced into primary production and low-income levels, supplying raw materials and labor in return for European products.
Born December 10, 1805, Newburyport, Massachusetts, U.S.—died May 24, 1879, New York, New York
American journalistic crusader who published a newspaper, The Liberator (1831–65), and helped lead the successful abolitionist campaign against slavery in the United States.
, American journalistic crusader who published a newspaper, The Liberator (1831–65), and helped lead the successful abolitionist campaign against slavery in the United States.
He also served a short term in jail for libeling a Newburyport merchant who was engaged in the coastal slave trade. Released in June 1830
however variously it was interpreted by American reformers, condemned slavery as a national sin, called for emancipation at the earliest possible moment, and proposed schemes for incorporating the freedmen into American society. Through The Liberator, which circulated widely both in England and the United States, Garrison soon achieved recognition as the most radical of American antislavery advocates.
A politician who is "fiscally liberal" would most likely support the concept of increasing the minimum wage of a person. This is a very sensitive issue that many governments try to increase for increasing the minimum income of families. It also depends on the financial condition of the government or the country.
