Answer: Smith made a number of important criticisms of mercantilist doctrine. First, he demonstrated that trade, when freely initiated, benefits both parties.
Explanation: because Second, he argued that specialization in production allows for economies of scale, which improves efficiency and growth.
The Hayes Compromise of 1877. stipulated all of the
following conditions except (c) invalidation of the Reconstruction Amendments
by southern state legislatures. After removal of USA military forces, southern
democrats accepted republican Hayes for president, but with the
restrainment of the republican party
from interfering in the South’s local affairs. This enabled them to oppose
their promise to protect black men’s civil and political rights which was one of the main points of
Reconstruction Amendments.