Answer: It showed that progress was being made in defeating the South, and it helped persuade Union voters to re-elect Lincoln as President.
Answer:
...“The father of modern economics supported a limited role for government. Mark Skousen writes in "The Making of Modern Economics", Adam Smith believed that, "Government should limit its activities to administer justice, enforcing private property rights, and defending the nation against aggression." The point is that the farther a government gets away from this limited role, the more that government strays from the ideal path... How this issue is handled will decide whether the country can more closely follow Adam Smith's prescription for growth and wealth creation or move farther away from it.”
Jacob Viner addressed the laissez-faire attribution to Adam Smith in 1928...
Here is a list of appropriate activities for government, which goes way, way beyond Mark Skousen’s extremely limited – and vague – 'ideal' government. That ... he goes on to attribute his ‘ideal’ list to Adam Smith ... is not alright.In fact, its downright deceitful, for which there is no excuse of ignorance (before attributing the limited ideal to Adam Smith we assume, as scholars must, that Skousen read Wealth Of Nations and noted what Smith actually identified as the appropriate roles of government in the mid-18th century).
Explanation:
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Answer:
The voyage of Columbus
inaugurated a network of global trade that connected both hemispheres. Silver from the New World was minted into the peso de ocho, a widely accepted currency that connected major trade systems. In the Pacific, the Spanish colony of Manila connected the New World with Asia markets; much of the New World's silver ended up in China. Despite this new level of global connectivity, this era saw major disruptions and changes in trade networks. Attempts by Portugal and Spain to monopolize trade in the Indian Ocean led to the down fall of the Swahili cities and the fall of Malacca. In Africa, the incorporation of West Africa into the Atlantic system drew the focus of trade from Trans-Saharan to the west. The fall of Constantinople to the Muslim Ottomans and Vasco DaGama’s maritime route to the Indian Ocean lessened Europe’s dependence upon Silk Road trade. The Atlantic System would emerge as the premier trade system in this era.
Explanation:
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