Answer:
Explanation:
Gibbons v. Ogden, 22 U.S. (9 Wheat.) 1 (1824), was a landmark decision in which the Supreme Court of the United States held that the power to regulate interstate commerce, granted to Congress by the Commerce Clause of the United States Constitution, encompassed the power to regulate navigation.
They formed a government, wrote a constitution, and adopted some white ways.
The last statement. you have to limit power otherwise people would become evil
The correct answer is: "
considered to be doing business on the black market".
Rationing takes place when a certain market (for example, appartment market) is not in equilibrium and there is an excess of demand hence, the amount demanded of such product is larger than the number of units that are supplied.
If price variations are not allowed under a certian economic system, the price of the product cannot rise and the equilibruim in this market cannot be restored. Therefore, the available units of the product are allocated among the consumers by using a rationing mechanism that establishes certain rules to state which of those consumers would receive the product first, who go next and who cannot have it at all.
If some of the consumers violates the established rules and <u>offers a higher price (which is not allowed), it evidences the emergence of black market practices that circumvent the rationing mechanism. </u>
Answer:
Transcontinental Railroad.
Explanation:
Industrial revolution can be defined as a period of significant change in economic and social manufacturing process characterized by the use of handicrafts and agrarian methods to the use of power-driven equipments and machines. Basically, the industrial revolution began in Great Britain (England) between 1760 to 1840 and eventually spread across other countries of the world.
The dominant industry of the industrial revolution in Great Britain in terms of modern equipments, level of output, number of employees, capital invested and quality of product was the textile industry.
The transportation route which is most associated with the Industrial Revolution was the transcontinental railroad. It greatly improved the level of social-economic growth and development in countries such as Great Britain and United States of America. Thus, goods, heavy metals, woods were largely transported across the countries through the use of transcontinental railroad.
