Answer: Adam Smith coined the term “mercantile system” to describe the system of political economy that sought to enrich the country by restraining imports and encouraging exports. This system dominated Western European economic thought and policies from the sixteenth to the late eighteenth centuries.
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Answer:he established a democratic government in his kingdom. He refused to swear allegiance to the pope. He placed a large territory under a single central authority
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Answer:
the frontier had meant that every American generation returned "to primitive conditions on a continually advancing frontier line." Along this frontier -- which he also described as "the meeting point between savagery and civilization"
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The consumer or buyer and the free market due to lack of competition.
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They essentially dictated the rules. They had a monopoly and could exploit consumers by charging any price they wanted and by stifling free market competition thus limiting innovation and further development in their fields.
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c - americans in both regions came to believe their life styles were under attack by rival regions
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