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They had soil that can be used for farming that was moist for crops.
Answer:
Economic markets will regulate themselves without government interference.
Explanation:
Smith favors free markets and the system of capitalism.
capitalism: the economic system in which free markets operate and are motivated by the investment of individuals who wish to see profits accrue from business enterprise
He trusts an "invisible hand" that causes markets to regulate themselves. Smith also supports laissez-faire economic policies. In this approach, the government does not interfere in a nation's economy.
The statement made by the American businessman showed that <u>American imperialism</u><u> was </u><u>mainly economically motivated</u><u>.</u>
Americans engaged in imperialism which is the acquisition of physical or economic control of other nations because:
- They wanted raw materials that they could process
- They wanted new markets to sell their processed goods
As a result, the U.S. acquired certain nations such as the Philippines and Hawaii as well as bases in China and Japan in order to accomplish these economic goals.
In conclusion, American imperialism was driven by economic gain.
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