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Daniel [21]
3 years ago
15

What compromises did Congress pass in order to lessen sectional conflicts in the early 19th century?

History
1 answer:
maksim [4K]3 years ago
3 0

The Compromise of 1850 was a set of bills passed in Congress which tried to settle the issue of slavery, which was about to split the nation.

The legislation was highly controversial and it was only passed after a long series of battles on Capitol Hill. It was destined to be unpopular, as just about every part of the nation found something to dislike about its provisions.

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According to Adam Smith, the desire to earn more money as a baker or another profession benefits society by generating free competition and developing the market, generating lower prices, higher quality of products and services, and faster production.

<h3>Who was Adam Smith?</h3>

Born in Edinburgh in 1723, Smith was a philosopher and economist who advocated economic liberalism. For him, it should have complete economic freedom to increase private initiative.

Through his ideas based on less state intervention in private property, Adam Smith was an influencer for the development of capitalism.

Therefore, in the Enlightenment period, Adam Smith instituted ideas in support of free trade, being supported by the bourgeoisie who were against the absolutism still practiced by the kings at that time.

According to his theory, liberalism would promote economic freedom that would regulate the market through free competition.

Find out more information about Adam Smith here:

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