Answer:
Capitalism emphasizes the selling off or privatization of state owned industry and dramatic shifts toward a democratic regime.
Explanation:
Capitalism is an economic system in which capital and factors of production are property, that is, owned and controlled by private actors. Production factors, such as natural resources / raw materials, real capital and in some cases also the labor force, as well as production's sales in the form of goods and services, are bought and sold in markets according to the consent of producers and consumers.
However, capitalism is distinguished from market economics: the term capitalism denotes the social relationship in ownership, while market economy is about how resources are controlled and supply and demand affect price formation. Usually these concepts occur in parallel with each other, although other combinations of forms of ownership and economic systems exist (for example, market socialism and capitalist planning economics).
What sets capitalism apart from earlier economic systems is that the surplus in society is spent on increasing productivity rather than economically unproductive projects such as building cathedrals or pyramids. Most Western societies apply some form of capitalism - often regulated by legislation and trade union agreements. The development led to the emergence of mixed economies as well as welfare states and welfare capitalist societies. In mixed economies, privately owned companies are combined with a large public sector, and the market-controlled economy is combined with public planning.
Answer:
Explanation:
Tet Offensive = 1968
Ngo Dinh Diem is assasinated = 1963
Lyndon B. Johnson announced =
Under manorialism, a lord owned a plot of land which he would allow peasants and serfs to work on. Serfs would work the land of their lord, but would also have a portion of land to work themselves. Serfs would not be able to leave the manor. Lords had a lot of leisure time and were usually warriors. Hope that helps you.
The polar ice caps will melt and the sea levels will rise which could possibly drown some islands and parts of countries
Without you providing us with the diagram, I can still offer you some thought about the effect of the Smoot-Hawley Act and protective tariffs. Sponsored by Senator Reed Smoot and Congressman Willis Hawley, the intent of their tariff act was to protect American jobs during the economic crisis of the Depression. However, when the US imposed protective tariffs, other nations retaliated with tariffs of their own. Thus American exports and imports were cut in half and the Depression grew worse, not better.
We should note this too: While economists agree that Smoot-Hawley worsened the Depression, how large of a factor it was is a matter that economists debate. Some say the tariffs played a minor role compared to other aggravating factors of the Depression. However, the Foundation for Economic Education asserts that the economists who want to minimize the role of the Tariff Act are wrong to do so. Underestimating the negative impact of protective tariffs can be very dangerous economically -- then and now.
