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3) European countries colonized Africa for natural resources.
Banks were important because The role that banks have in the economic growth of the early 1800s was pumping money back into America. By allowing businesses to borrow funds, businesses were able to hire new workers. They sparked economic growth by being insured by the federal government.
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<em>A. A law is created by Congress, signed by the president, and interpreted by the courts.</em>
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Capitalism is based on individual initiative and favors market mechanisms over government intervention, while socialism is based on government planning and limitations on private control of resources.
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