"Adam Smith" would most likely agree with this statement, since it was Smith who argued for these types of innovations in capitalism in his book "The Wealth of Nations".
Jamestown
On May 13 they picked Jamestown, Virginia for their settlement, which was named after their King, James I. The settlement became the first permanent English settlement in North America.
He believed that the Arabic Numeral System was more efficient than the Roman Numeral System.
He also believed that his system, named the Fibonacci Sequence, occurred throughout nature in processes like evolution and even the distances of the planets from the sun (which is crazy). There's still debate on whether it really applies or not, but the number of things things people have found that do work is immense.
Answer:
In the 1820s and 1830s, a market revolution was transforming American business and global trade. Factories and mass production increasingly displaced independent artisans. Farms grew and produced goods for distant, not local, markets, shipping them via inexpensive transportation like the Erie Canal.
Explanation:
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