The Albany Plan of union was proposed by Benjamin Franklin and called for the formation of a permanent federation of the American colonies. The Albany Plan of Union was a proposal introduced by Benjamin Franklin during the Albany Congress in 1754.
Answer:
The statement is False.
Explanation:
Capital formation is basically the increase in the stock of capital in a country. The stock of capital includes the goods or things that help in creating capital. Capital formation include Machines, Factories, Transport Equipment, Tools, Materials, Electricity. All such things are used for the future production of goods or services which will increase the stock of capital for the companies and for the economy of a country as well. Deep down the concept of capital formation, buyers and sellers are involved, but it is not solely dependent upon them. Capital formation is simply the generation of capital in a country.
Answer:
1. International - 2. Political conflict - 3. The Enlightenment - 4. Social antagonisms - 5. Ineffective ruler - 6. Economic hardship
Explanation:
International: struggle for hegemony and Empire outstrips the fiscal resources of the state
- Political conflict: conflict between the Monarchy and the nobility over the “reform” of the tax system led to paralysis and bankruptcy
- The Enlightenment: impulse for reform intensifies political conflicts; reinforces traditional aristocratic constitutionalism, one variant of which was laid out in Montequieu’s Spirit of the Laws; introduces new notions of good government, the most radical being popular sovereignty, as in Rousseau’s Social Contract [1762]; the attack on the regime and privileged class by the Literary Underground of “Grub Street;” the broadening influence of public opinion.
- Social antagonisms between two rising groups: the aristocracy and the bourgeoisie
- Ineffective ruler: Louis XVI
- Economic hardship, especially the agrarian crisis of 1788-89 generates popular discontent and disorders caused by food shortages.
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