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
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Answer:
A) expelling enemy invaders and protecting the empire’s borders
B) instituting Shia Islam as the state religion
D) increasing the silk trade with India
Explanation:
Safavid dynasty changed the history of Iran in the sixteenth century. It changed Iran from a Sunni based region to Shia Islam by spreading the Twelver Islam. They controlled a wide area of middle east and thus provided stability to the empire to allow trade at an extensive scale. The strong military protected the boundaries of the large empire by expelling the invaders.
Answer:
The Battle of Jutland was significant both for being the largest naval battle of the First World War, and for the severe number of lives lost. It also severely diminished the German naval fleet's capabilities. The Battle of Jutland is considered to be the only major naval battle of World War One.
Explanation:
Answer:
1. People were poor and had hard lives.
People did not like the government and were tired of WW1
2. Alliances among European nations.
