Answer:
Supranationalism in my view (not a scholar) is a superior category in the international relations system. Supranationalism takes simple inter country relations between countries and applies them to various countries in an unified manner. Should one country decide it is not in their interest to develop a relationship with another entity, it will not develop it. In the same way, should a country decide it is in their interest to enter in a series of treaties, the country can decide to enter and follow all the rules the treaties enforce.
Explanation:
Renaissance is a French word meaning “rebirth.” It refers to a period in European civilization that was marked by a revival of Classical learning and wisdom and this period was characterized by a rebirth of learning and an appreciate for ancient Greek and Roman knowledge, art, and architecture. This is an appropriate term for the period.
<span>The Depression spread rapidly around the world because the responses made by governments were flawed. When faced with falling export earnings they overreacted and severely increased tariffs on imports, thus further reducing trade. Moreover, since deflation was the only policy supported by economic theory at the time, the initial response of every government was to cut their spending. As a result consumer demand fell even further. Deflationary policies were critically linked to exchange rates. Under the Gold Standard, which linked currencies to the value of gold, governments were committed to maintaining fixed exchange rates.</span>
