The rise and fall of fads will affect the equilibrium price and quantity for example if water was in short supply then the price will more than likely go up. Hope this helps!
Economic competition among industrial nations.
Political and military competition, including the creation of a strong naval force.
A belief in the racial and cultural superiority of people of Anglo-Saxon descent.
use all 3 and guarantee you get a perfect score on it
They have been looked down upon for decades and possibly centuries. It had become a sort of a social norm in a sense to view them that way, hence all of the public opinion has shaped how we think of them today.
