The theory of mercantilism motivated overseas exploration as it posited that a country's power depended mainly on its wealth. Consequently, various nations sought to increase their wealth and power by establishing colonies where they could extract resources such as minerals which determined the wealth of a nation
one advantage to this philosophy is that businesses faced fewer government rules and regulations. this allowes businesses to do many things. often rules and regulations add tothe costs that business faces. sometimes, rules and regulations make it harder to do business activities. when businesses have fewer rules and regulations they are generally willing to take more risks and to invest in the economy. with fewer rules and regulations, businesses have a big incentive to try to maximize profits.
a disadvantage of this policy is that businesses may engage in risky behaviors that could lead to future economic problems. in the 1920s, there were few rules and regulations on banks and on the investiment industry. to much money was being loaned to individuals and people could buy stocks woth only a small down payment. banks were also free to invest in the stock market. when the stock market crashed, many people and banks were financially ruined.
Answer:
A. His plan of Chicago offered a blueprint for the orderly growth of the city.
Explanation:
Daniel Burnham was american Urban designer and architect. He was the director of works for the Worlds Colombian Exposition in Chicago. The World Columbian Exposition was a fair that was organised in Chicago in 1893. It commemorated Columbus's arrival in the new world. the large water pool that was created in the fair represented his long voyage to the New world. He authored the 1909 Plan of Chicago and proposed an integrated series of projects including new railroad, parks, streets, civic buildings and harbour facilities.
D. Since the North was able to blockade ports, they prevent the south from exporting cotton, their most valuable product, which crippled the South's economy.
Answer:
William J. Levitt, Long Island's master builder, died Jan. 28 at the age of 86. Following is an excerpt from "The Fifties" by David Halberstam describing how Mr. Levitt revolutionized home building, creating Levittown and making the dream of owning a home a real possibility for thousands of middle-class American families.
Explanation:
