Option 4: Colonies took advantage of the war's distraction and fought for independence.
Napoleon quickly took control of the Iberian Peninsula. With Napoleon's occupation in Spain, Spanish Creoles in Latin America were questioning their alliance.
Answer:
B - Federation
Explanation:
Mexico (or United Mexican states) operate as a federation, in which the president functions as both the head of state and the head of the government. Mexico has thirty-states that operate just like the structure that is found in America. They have the executive, judiciary and legislative branches of government with true separation of powers that keeps their activities in check.
This economic system is called<em> socialism.</em>
Socialism is an economic system where everyone in the society equally owns the factors of production. The ownership as such is in the hands of the<em> government</em> that controls all means of production and distribution of goods.
The factors of production are : land, labor, capital and entrepreneurship.
In a socialistic economy, the land is owned by the state and private property is limited and difficult to obtain. Labor is heavily regulated and most people are employed in state-owned companies. Workers do not have many rights and they have to obey the government which also decides what is being produced and in which capacity ( planned economy ).
Socialism does not reward people for being entrepreneurial and competitive as competition is no existing and everybody reaps the same benefits of their work.
Answer:
Industrial societies are a product of the industrial revolution, which began in the mid-18th century with the harnessing of natural elements such as water .
Alexander Hamilton was the founding father that implemented Adam Smith's policies as Treasury Secretary.
Alexander Hamilton was one of the foremost Founding Fathers as he was:
- the first Treasury Secretary
- founder of the Federalist party
- founder of the financial system of the United States
Alexander Hamilton credited Adam Smith with having espoused some of the policies that he drew inspiration from and these led him to come up with the financial system and establish trade with Britain whom he viewed as having an advantage in the production of certain goods(absolute advantage).
In conclusion, Alexander Hamilton paved the way for the financial system of a young country and kept it balanced such that it was able to move from strength to strength and he did so based on the principles of Adam West.
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