Inflation (printing so much money that it loses value) causes prices to rise.
During the Civil War, the Union raised blockades along the coastline of southern territory in order to prevent the enemy to receive supplies from allied encampments. This occurrance gave birth to <em>blockade runners, </em>which were steamboats meant to bypass blockades and reach allied territory with supplies at hand. To Georgia, the receipt of supplies would have been a major boost to the Confederation's position in war, since it would have allowed them to trade their resources with foreign nations for military equipment comparable to that of the Union's gauge.
The English Civil War led to the concept of a “divine right” to rule, which was developed in greater detail by Enlightenment thinkers.
Suppose both john and bill can do two tasks in a day. if john can do each of the two tasks faster than bill, then <u>John should specialize in performing the task for which he has a </u><u>comparative advantage</u><u>. </u>
Comparative advantage refers to the capacity to provide goods and offerings at a lower possibility price, not always at a greater quantity or satisfactory. Comparative gain is a key perception that trade will still occur even though one u . s . has an absolute gain in all products.
In an economic model, retailers have a comparative advantage over others in producing a selected desirable if they can produce that excellent at a lower relative opportunity price or autarky rate, i.e. at a decrease relative marginal price previous to trade.
In economics, a comparative advantage occurs when a country can produce a very good or carrier at a lower opportunity value than another u . s .. The principle of comparative gain is attributed to political economist David Ricardo, who wrote the book standards of Political economic system and Taxation (1817).
<u />
Learn more about comparative advantage here brainly.com/question/14846093
#SPJ4
After the US Civil War, president Lincoln started the process of reunification of the country. This is known as the Reconstruction era, when former rebellious Southern States were integrated back into the Union.
But, in 1865, president Lincoln was assassinated, and his vice president Andrew Johnson took power and drove the country into the reunification. Johnson wanted to reunite the country as quickly as possible, he pardoned the Southerners in a large numbers, and provided these states with a clear path to readmission.
He returned them their property, while the former slaves were excluded, and in return, he asked that they affirm the support of the United States Constitution. But he rejected the proposal that the federal government should provide the voting rights for freed slaves.
By 1866, he announced the end of Reconstruction.
