‘Precious Metals
he discovery of large quantities of gold and silver in the New World made precious metals a key export from New Spain. This changed the history of the world economy. For instance, when precious metals entered Spain, this inflow drove up the Spanish price level and caused a balance of payments deficit.
Answer:
a. trade with Europe expands
Under the ordinance, slavery was forever outlawed from the lands of the Northwest Territory, freedom of religion and other civil liberties were guaranteed, the resident Indians were promised decent treatment, and education was provided for.
Adam Smith advocated a capitalist economy in which people could freely pursue their own self-interest with government repression. But, in pursuit of self-interest led to oppression and greed, that's when the government should intervene with their invisible hand. Smith was truly an economic genius.
Does this help? :)
