There are basically two systems, there is Capitalism and Socialism and most countries tend to use a combination of the two, known as a mixed economy.
<em>A. They rejected Parliament’s right to manage their internal affairs.</em>
Explanation:
Following the French and Indian War, Great Britain decided to put taxes on the colonists. One of these tax laws was called the Stamp Act, which put taxes on printed items.
The colonists were not happy with these taxes and thought they were unfair, as they had nobody in the British Parliament to vouch for them, also known as "taxation without representation." Great Britain said they were actually taxing them fairly, as they needed to pay the debts for the French and Indian War and were providing the colonists with troops to protect them.
This caused tensions to rise between the colonists and Great Britain. The British colonial policies made the colonists start to want independence from Great Britain, as they felt everything they were doing was unfair. <u>They rejected the British Parliament's right to manage their internal affairs and essentially wanted to be left alone. </u>
Trickle-down economics, or “trickle-down theory,” states that tax breaks and benefits for corporations and the wealthy will trickle down to everyone else. It argues for income and capital gains tax breaks or other financial benefits to large businesses, investors, and entrepreneurs to stimulate economic growth. The argument hinges on two assumptions: All members of society benefit from growth, and growth is most likely to come from those with the resources and skills to increase productive output.
The north is more of a financial life with factories and technology. Meanwhile, the south focused on an agricultural life and mostly had farms and less technology
