The declarations of the letter to the U.S. Congress by the economists concerning the bailouts are evidently specified the disagreement of the source of the letter about the GM bailout. The document stated that the bailout would disrupt the notion of free market in U.S. and that it will break the people who held in the free market (Velasquez, 2012). Also, the bailout and government interference will shift the free market economy into socialism (ibid). The economists and other parties which is convoluted in the making of the letter, sustained the free market economy. They do not approve on government interruption as it disrupts the mechanism of the market that is free of any interference particularly from the government. The sources of the letter thought that it was GM’s own accountability to bail itself out of the insolvency. The bankruptcy was a consequence of bad management of the company and it was its own accountability to resolve the matter. The interference by the government will move the market mechanism. The bailout will disturb the equal right of the people of life, freedom, and possessions as what John Locke’s notion. Furthermore, government meddling will also lower the public’s safety based on Adam Smith’s theory.
Answer:
Start a new production line of stronger and more agile ships known as the Dreadnought
Imperialism, 1890-1914 By the late 19th century, many Americans had come to believe that it was their nation's manifest destiny not only to possess all of the North American continent but also to expand the United States' influence around the world.
Mostly because our modern civilizations were born there. "The region saw the development of some of the earliest human civilizations,
which flourished thanks to the water supplies and agricultural
resources available in the Fertile Crescent. Technological advances made
in the region include the development of writing, glass, the wheel, agriculture, and the use of irrigation." ~Wikipedia
I believe the answer is: A.Smith knew that the invisible hand of the market was not concerned with the health of the laborer.
The power of invisible hand in the market only care about the power of supply and demand which would determine who will obtain the most wealth. Even if the process could disregard the wellness of many people, as long as the demand is met, consumers wouldn't put too much thought on the laborers.
