Answer: Adam Smith coined the term “mercantile system” to describe the system of political economy that sought to enrich the country by restraining imports and encouraging exports. This system dominated Western European economic thought and policies from the sixteenth to the late eighteenth centuries.
Explanation:
Answer: The delegates included many of the leading figures of the period. Among them were George Washington, who was elected to preside, James Madison, Benjamin Franklin, James Wilson, John Rutledge, Charles Pinckney, Oliver Ellsworth, and Gouverneur Morris.
Explanation:
It was the <span>departure of the Allied Nation of "Russia" in late 1917 was a turning point in the war, since Russia withdrew from the war due to an internal revolution, which brought about a new era of communism. </span>
Answer:
Britain, France and the United States all disagreed on on the issue of reparations settlement. It leads to the War Guilt Clause, or Article 231, of the Treaty of Versailles.
Explanation:
France required Germany to pay reparations for the damage they had caused, as a means to ensure that Germany could not again threaten France and as well to weaken the German ability to compete with France's industrialization.
Britain opposed harsh reparations in favor of a lighter reparations settlement, including war pensions for disabled veterans and allowances to be paid to war widows.
The United States, on the other hand, opposed these settlements, and requested that there be no indemnity imposed upon Germany.
