Indeed, during the 20th Century, the general trend in the United States was to move closer to the ideas of Adam Smith about the role of government.
<h3>What were the ideas of Adam Smith about the government's role?</h3>
Adam Smith, who emphasized the importance of productive labor, self-interest, capital investments, and profits, believed that the limited and well-defined role of government in capitalism should concentrate on:
- Enforcing contracts
- Administration of justice
- Provision of public goods
- Provision of national defense
- Granting of patents and copyrights
- Encouraging inventions and new ideas.
Adam Smith declared that the invisible hand or self-interest should guide economic productivity because capital investments always aim toward profitability.
He firmly believed that the market forces of supply and demand, division of labor, and pursuit of self-interest, with little government intervention, should form the bedrock of capitalism.
Thus, it is true that during the 20th Century, the general trend in the United States was to move closer to the ideas of Adam Smith about the limited role of government.
Learn more about Adam Smith's ideas on capitalism at brainly.com/question/15619229
#SPJ1
The last British Army in the area was led by General Cornwallis. The army retreated to the town of Yorktown. But then they were attacked. The British tried to escape by sea but the recently allied French had their navy blocking the British ships from escaping. While the French were blocking their escape by sea, the combined army of the Colonist and the French attacked by land. With no hope of escape or reinforcements, the British surrendered. This marked the last battle of the Revolutionary War.
Explanation:
Besides these Protestants, Reform Jews and Catholics helped build Denver's social welfare system in the early 20th century.
please follow. me
C) The North was mostly industrial with many factories. The south was mostly agricultural with large plantations.
The Third Reich has a lot of goals but thoos are the biggest:
- Have a world without jewish and catholics
- Have a eugenic program, where the blond haired and blue eyed people will be the masters ( Aryanism )
