After the civil war, railroads connected the country on a national scale, boosting the economy and leading to mass production, mass consumption, and encouraging entrepreneurs.
The USA is a presidential system, with the apex of power in a President elected indirectly through an Electoral College, whereas the UK is a parliamentary system, with the Prime Minister holding office and power so long as he or she commands a majority of votes in the House of Commons.
Adam Smith (1723 – 1790) was a Scottish economist. In 1776, he published The Wealth of Nations, which became the foundation of modern economics.
Smith saw the first duty of government was to protect the nation from invasion. Next, he supported an independent court system and administration of justice to control crime and protect property. Finally Smith favoured a system of “public works” that profits-seeking individuals may not be able to efficiently build and operate.
At the beginning stages of industrialization, Smith recognized that repetitive factory jobs dulled the minds o workers. Smith wanted all classes, even the poorest, to benefit from the free-market system. This is why I think Adam Smith would agree with government interventions with businesspeople like Social Security, minimum-wage laws, child-labour laws and anti-monopoly laws.
Most Pakistanis practice islam as a religion about 95-98% of them are islams. divided into 2 sects sunni and shia
C. A historian's narrative will reflect his or her own opinions.
