Explanation:
In a capitalist economy, production is determined by free market forces such as supply and demand. In a communist economy, the government determines which goods and services get produced and how much is available at any given time.
When Smith was writing, those rulers dominated the planet. Most still ruled by divine right. Their realms were their property, to do with as they saw fit. Smith did engage in microeconomics, analyzing the new way of production that was emerging in Britain at that time. Yet, as the title of his book suggests, his primary concern was macroeconomics. He wanted to explain what made a nation wealthy and how a nation’s wealth could be enhanced. His explanations and recommendations put him at odds with mercantilism, the dominant economic doctrine of the time. It called for rulers to treat the finances of their realms as anyone would treat the finances of their own household: to exert as much control as possible, to take in as much income as possible, and to spend that money judiciously. These rulers were happy to abide by the first two parts of that doctrine. They were not lax in exercising their power domestically, including controlling economic activity. They were both diligent and imaginative when it came to increasing their incomes, especially the part that came from taxes. Their spending, however, was another story. They spent money lavishly on themselves, on wars to expand or defend their realms and on exploratory expeditions with the aim of expanding their territory.
Tariffs--taxes were placed on imported goods in the US preventing many of those products from being sold.
The 1920s tariffs were an effort to keep imported goods out and stimulate American businesses without European competition. Those businesses however were not able to sell their products and therefore could not pay taxes and lastly the governments were not able to pay back debts to the US from World War I.
Which people? You didn't put any examples.
Answer:
they wanted to limit the role if central government because they just got free from Britain and if they gave all the power they would just be controlled by central government. they wanted to be more independent