Answer:
In 1973, the US monetary and financial system changed as the United States officially abandoned the gold standard for setting the value of US dollar, making it a free-floating fiat currency. This was part of the Nixon Shock, that started in 1971.
Explanation:
Nixon Shock is the colloquial name for the decision of President Richard Nixon, de-facto issued on August 15, 1971 and officially confirmed in 1973, which abolished the previous convertibility of the US dollar against gold. It repealed the Bretton Woods system, which fixed exchange rates between the world's leading currencies within limited parameters, therefore enabling "floating" exchange rates that have become a feature of the world economy to this day.
Nixon's decision was prompted by a sharp rise in US public debt caused in the previous decade by the unforeseen high costs of the Vietnam War and the so-called extensive social programs. Nixon's shock enabled the devaluation of the dollar and had positive effects on the American economy in the short term.
Timbuktu and gao were located in Mali
The answer is C
Answer: Industrialization a shift in an economy from one sector (agriculture) to another ( industry) e.g Manufacturing
Globalization this is an interaction of an economy with other economies globally.
Explanation:
Industrialization is a shift in a countries economy which was primarily based on agriculture e.g farming, livestock e.t.c. to Industry which involves manufacturing, production of goods and services. Examples of industrialized nations are Germany, USA, Italy.
Globalization on the other hand is an interaction of world economies.Globalization often leads to an increase in market competition. This competition are usually related to product and service costing and pricing, target market, adaptation of the technology by companies etc. A company producing with less cost can sell cheaper which in turns increase it markets share globally.
e.g Japan (Toyota) market competition with Germany (Mercedes).
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The following are the answers to the questions posted.
9.D
10.B
11.D
12.D
13.B
=> at first, Lincoln proposed 10% but he felt it will cause issues with the South rejoining the Union.
14.D
15.B
16.C.
=> McClellan was running as a Democrat securing the Southern votes.
17.D
18.B
19.A
=> Lincoln is a Republican. He defeated John C. Breckinridge, Democrat Stephen A. Douglas, the candidate of the Constitutional Union, John Bell, who are Sounthern Democrat.
20. A</span>