Labor mobility. In markets, supply is represented by companies while demand is represented by customers. Its not the demand of the product that pays, it is the skill set of the employees that determines the their degree of pay. If you ask yourself why a retail sales person is paid less than a doctor, you will obviously note that the difference in their pay is their skill. Businesses look for profits, and skilled workers drive profitability high hence they get to be paid more than low skilled workers.
<span>On January 8, 1815, the British marched against New Orleans, hoping that by capturing the city they could separate Louisiana from the rest of the United States. Pirate Jean Lafitte, however, had warned the Americans of the attack, and the arriving British found militiamen under General Andrew Jackson strongly entrenched at the Rodriquez Canal. In two separate assaults, the 7,500 British soldiers under Sir Edward Pakenham were unable to penetrate the U.S. defenses, and Jackson’s 4,500 troops, many of them expert marksmen from Kentucky and Tennessee, decimated the British lines. In half an hour, the British had retreated, General Pakenham was dead, and nearly 2,000 of his men were killed, wounded, or missing. U.S. forces suffered only EIGHT KILLED and 13 wounded.</span>
Between 1808 and 1826 all of Latin America except the Spanish colonies of Cuba and Puerto Rico slipped ... Many Creoles (those of Spanish parentage but who were born in America) felt Bourbon policy to be an unfair ...
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I think it's War Debt. Not sure
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sorry I need points sorry
