As the result of Mexican American war, the treaty of Guadalupe Hidalgo, a peace treaty was signed on 2 February 1848 at Villa De Guadalupe Hidalgo. This treaty added 525,000 square miles to United States territory and establishes the Rio Grande river as the US-Mexican border. However, Guadalupe Hidalgo is the oldest treaty between an America and Mexico and which is still in force.
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Why is the encomienda system so important? The encomienda system allowed for a vast accumulation of wealth by the conquistadors and the Spanish crown. They benefited from the discovery of gold and silver in the New World, and the mining of those metals by their laborers.
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Often discussed during the Philiadelphia convention.
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Re ran two times for Senator.
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The personal ownership of property
The influence of consumer demand
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In a command economy, the government has full control of the economy, and the citizens had no ownership of any type of asset. This gives the government the power to determine the price of products even if it's stray away from the flow of consumer demand.
