The Rise of American Consumerism. At the end of World War II, American soldiers returned home to a country quite different from the one they had left four years earlier. ... Jobs were plentiful, wages were higher, and because of the lack of consumer goods during the war, Americans were eager to spend.
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Answer: Adam Smith
Scottish philosopher Adam Smith (1723-1790) was strongly critical of the economic system that prevailed in his era. Smith criticized what he called the "mercantile system" because it restricted trade and thus restricted economic growth. The mercantile system believed the wealth of the world was a fixed amount, measured primarily in gold and silver accumulated. The system promoted a nation selling its products abroad but not needing to buy from others, or imposing heavy tariffs if importing anything. Colonies were created to provide raw materials and resources to the mother country and a market for the mother country's products. Commerce was heavily controlled by the government through charters granted to specific trading companies.
Adam Smith countered by advocating a free market -- the opportunity individual businessmen and for all nations to increase their wealth by exchanging goods freely with one another according to what would become known as capitalist principles. We also speak of <em>"laissez-faire"</em> ("let go") as a term for this sort of free-market economy, set free from government controls. This term came from a French group of thinkers called the Physiocrats (meaning "rule by nature') who were working during the same 18th century era as Smith. The Physiocrats and Smith were in agreement about getting government out of the business of controlling business.
One-nation conservatism, it's a political viewpoint that defends the preservation of the established institutions and principles while advocating for the creation of social and economic programs (Keynesian, for example) to benefit the common people. The idea of the government intervention in businesses and the creation of new social programs in order to achieve changes in society is an group of economic theories called Keynesian economics.
Answer:
because they helped strengthen their industrial-based economy.
Explanation:
Its sort of like a custom.Its not really written down and there is no legal punishment, but if you disobey the custom you will in some way be shunned or punished by the people who follow that custom.
