A free-market economy works well only without the government’s interference.
Adam Smith's theories are the basis for free-market capitalism and is the model of early capitalistic systems.
The Wealth of Nations lays out the economic theory of capitalism based on a free-market. As Adam Smith describes a free-market, the government should not interfere or regulate trade for the best results. When the government keeps their hands off the economy, large amounts of wealth can be earned and new businesses can grow with private investment and competition. Gilded Age capitalism is an example of free-market without government regulation. It produced unbridled wealth but also a large gap in social classes. Smith argues that is a necessary consequence to create motivation and competition.
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The Communist rule in Yugoslavia caused the 10 year war. Poland accomplished democratization before any other nation.
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The Gupta Empire, founded by Maharaja Sri Gupta, was an ancient Indian realm that covered much of the Indian Subcontinent from approximately 320-550 CE. Gupta rule, while solidified by territorial expansion through war, began a period of peace and prosperity marked by advancements in science, technology, engineering, art, dialectics, literature, logic, mathematics, astronomy, religion, and philosophy. Gupta made novel advances in the sciences, astronomy (Gupta philosophers proposed that the earth was not flat, but was instead round and rotated on an axis by viewing lunar eclipses and discoveries about gravity and the planets of the solar system, which they used to tell the horoscopes). Indian mathematicians in the Gupta period made important contributions. They were the first to use algebra, develop the idea of zero, and explain the concept of infinity; something without an end. They were also were the first to use the numbers 1-9 for counting. Early Indians also invented mathematical algorithms. In medicine, Gupta physicians developed herbal remedies to treat various illnesses. They also developed a form of plastic surgery for the treatment of facial injuries. Physicians vaccinated against smallpox, a practice later used in China around the10th century and in Europe in the 17th century.
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Martin Luther King<span>, </span>Jr<span>. was a well-known </span>civil rights<span> leader and activist who had a great deal of </span>influence<span> on </span>American <span>society in the 1950s and 1960s. His strong belief in non-violent protest helped set the tone of the movement.</span>
