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Market economies utilize private ownership as the means of production and voluntary exchanges/contracts. In a command economy, governments own the factors of production such as land, capital, and resources. Most nations operate largely as a command or market economy but all include aspects of the other.
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Founded on a Set of Beliefs. Among them was the idea that all people are created equal, whether European, Native American, or African American, and that these people have fundamental rights, such as liberty, free speech, freedom of religion, due process of law, and freedom of assembly.
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1840- Fiji Islands. - July. Naval forces landed to punish native for attacking American exploring and surveying parties.
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The term "Pax Romana," which literally means "Roman peace," refers to the time period from 27 B.C.E. to 180 C.E. in the Roman Empire. This 200-year period saw unprecedented peace and economic prosperity throughout the Empire, which spanned from England in the north to Morocco in the south and Iraq in the east. During the Pax Romana, the Roman Empire reached its peak in terms of land area, and its population swelled to an estimated 70 million people. Nevertheless, Rome's citizens were relatively secure, and the government generally maintained law, order, and stability. The Pax Romana began when Octavian became the leader of the Roman Empire.