Smith argued that by giving everyone freedom to produce and exchange goods as they pleased (free trade) and opening the markets up to domestic and foreign competition, people's natural self-interest would promote greater prosperity than with stringent government regulations.
Free silver is one of the major economic policy started in the late 19th century.
Explanation:
The main objective of free silver movement leads to acceptance of mints and this will lead to the process of silver bullion following a principle that is after processing the silver coin the coins are paid to the depositors . The silver coins' monetary value dependent on government fiat , it did not depend on the commodity value of various content and thus leading to silver strikes and thus the price of the silver fell.
Many organisations wanted inflationary monetary policies that would help debtors to pay their debts at a cheaper rate as well as with dollars that was readily available and those suffered due to this policy were the creditors, they were mainly the landlords and the banks.
Answer:
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The policy by Reagan of "Peace through Strength" is similar to the Big Stick ideology of President Theodore Roosevelt.
<h3>What did "Peace through Strength" mean?</h3>
This was a policy by Reagan that called for building the American military so that peace would be achieved when other nations like the Soviet Union would be too scared to attack American military might.
This was similar to the Big Stick ideology by Roosevelt which called for having a strong military when negotiating with others so that they don't try to attack the U.S.
Find out more on the Big Stick ideology at brainly.com/question/13948833.