Whenever any form of government becomes destructive of these ends, it is the right of the people to alter or to abolish it, and to institute new government
Adam Smith is considered to be the key figure of the Scottish Enlightenment, economist, philosopher and author, the pioneer of political econony, laid the foundations of the free market economic theory, also known as the "Father of Economy". One of his most famous works is "Wealth of Nations". The key ideas of this work are the economic free market program, where everyone has the opportunity based on the division of labor, the achievement of wealth and prosperity growth. Also, the key ideas were to minimize the role of government intervention and taxation on free markets, as well as the idea of an invisible hand that leads supply and demand. It can be said that Smith laid the foundations of a modern economy.
The answer is: C.
Answer:
According to bbc, Article 231, the War Guilt Clause blamed Germany and her allies for starting the war – this led to feelings of humiliation and anger. Germany had to pay reparations of £6.6 billion - this ensured that the economy would not recover.
Explanation:
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Japan emerged in 1853 from two and a half centuries of self-imposed peaceful isolation, but within a few decades the country’s leaders embarked on a policy of aggressive territorial expansion. During the last half of the nineteenth century, the Western imperialist powers of England, France, and Germany established the model for acquisition of colonies in Asia and for the partition of China into spheres of influence. Near the end of the century, about the same time Japan began to capture colonial territory, the United States and Russia also initiated their imperialistic expansion in Asia.This paper will examine four of the most influential theories of imperialism to determine whether they can provide explanations for Japan’s imperialism from 1894 to 1910, when Japan formally annexed Korea. The four theories to be reviewed will be Hobson's theory of domestic market underconsumption that leads to capitalists seeking profits overseas, Lenin's theory of the monopoly stage of capitalism, Schumpeter's theory of inherited warlike tendencies from prior generations, and nationalism's focus on politics as the critical factor. Although other theories of imperialism exist, these four theories cover a broad range of economic, political, and sociological factors that could explain Japan’s imperialistic expansion. This essay's review of Japan's history of imperialism from 1894 to 1910 will show that the theory of nationalism provides the best explanations of the causes of Japan's militaristic actions and colonial acquisitions, although Schumpeter's sociological-based theory seems to provide some explanation for the actions of the Meiji Period (1868-1912) leaders.</span>
