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statuscvo [17]
3 years ago
9

Which of these is one of the 3 States that quickly grew during the economic boom of industrialization in the north A Kentucky B

Indiana C Michigan
History
1 answer:
Nonamiya [84]3 years ago
5 0

Answer:

Indiana

Explanation:

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Which late 1940s event prompted the United States to take steps to protect itself from Soviet espionage? the detonation of a bom
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Answer:

the detonation of a bomb on Russian soil.

In 1949, the Americans were astonished to see that the U.S.S.R. had detonated their own atomic bomb (as a test) on their grounds. It had been only 4 years since the detonation of the atomic bombs of Hiroshima and Nagasaki and they considered it could not be sufficient time to develop the atomic bomb by themselves. Suspicion of espionage was their main option. Time proved them right. Nearly a dozen Soviet spies were convicted of passing information to the Soviets during this period about the atomic bomb in what was called the "Manhattan Project", the most famous spy being Emil Julius Klaus Fuchs. After this experience, the United States began to invest a large quantity of money in protecting their secret projects and fighting espionage.

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As I understand it, Laissez-faire ideology maintains that the "free market" is the best way to determine what businesses can and should do. This means that businesses, in competition with one another, should be free to determine their paths free from any government rules or regulations. The belief is that the competition among various businesses will ultimately result in the best outcomes for society in general - Adam Smith's "invisible hand". As part of this philosophy, workers should also be free to compete with each other and choose to work wherever they wish and this process will also result in the best results for the workers as well.

However, isn't there a huge assumption in this philosophy? Doesn't the whole justification of this belief depends on the condition that there is perfect competition and that any company and any worker have the equal ability to compete with one another?

What if there is no perfect competition? What if some companies have advantages - due to any of a whole array of reasons - that place them in a non-competitive position vis a vis their competitors? Without perfect competition then other companies are not necessarily able to compete with other companies that have certain advantages. If such a situation exists, then advantaged companies may have the ability to pursue a course that results in their private benefit, but not necessarily to the benefit of society as a whole. The same would apply to workers in that reduced competition among companies would result in decreased leverage for potential employees.

To recap, if the Laissez-faire ideology maintains the best economic policy for society as a whole, and it depends on there being perfect competition on an ongoing basis with minimal government intervention, doesn't it fall apart if there is less than the perfect competition?

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Which system did the new government created under the Constitution use?
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