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4 years ago

The Federalist Party

History

1 answer:

ivolga24 [154]4 years ago

7 0

Answer:

G Created a national bank is the right answer.

Explanation:

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How did Adam Smith revolutionize economics?

meriva

<span>Adam Smith is the guru behind classical economics and his introduction of the 'invisible hand' concept. Basically, no one person is in control of the market and order is generated in the market without anyone intending this. e.g. Firms are in the market to make a profit, but to do this they need to provide goods and services that the market demands. Self-interest feeds the good of society in this way.

His thoughts are still valid in terms of the ways we think about economics, but classical economics can be argued to have died out in some respects. For example, one argument is that in this recession there should be no government intervention as the invisible hand will intervene, i.e. prices will fall due to decreased demand and the fall in prices will get consumers spending again. Keynesian economics, on the other hand would argue that there needs to be government intervention in order to stimulate aggregate demand and this is the approach most governments are taking, eg. Barack Obama's stimulus plan is an example of Keynesian economics.

So to answer your question, Adam Smith is very important to understand how the market functions, but some economists have debated some of his theories, as has always been the case in economics. I hope that answers your question.</span>

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4 years ago

What did the higher tariffs imposed by the Fordney-McCumber Act reflect about the 1920s?

yuradex [85]

Answer:

Increasing militarism

Explanation:

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3 years ago

Which aspect of the U.S. Congress most reflects the constitutional value of republicism

kherson [118]

You can search this question online.

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4 years ago

What did pope want the pueblos to do after the revolt?

never [62]

Answer:

On August 21 the Spaniards were forced to flee, leaving 400 dead, including 21 priests. The Indians celebrated their victory by washing off the stains of Christian baptism, annulling Christian marriages, and destroying churches. They remained free until 1692, when New Mexico was reconquered by Gov. Pedro de Vargas

Explanation:

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3 years ago

Read 2 more answers

Summarize the roman world in a timeline discussing the important events as they occurred and detail why they are important.

Soloha48 [4]

Answer:

Here is a timeline of some of the major events in the history of Ancient Rome.

753 BC - The city of Rome is founded. ...

509 BC - Rome becomes a republic. ...

218 BC - Hannibal invades Italy. ...

73 BC - Spartacus the gladiator leads the slaves in an uprising.

45 BC - Julius Caesar becomes the first dictator of Rome.

These strengths included a strong foundation, having been built off of the Roman Republic; the standardization across the empire of many aspects of life, such as language, law, and especially the extension of citizenship, which made the empire more cohesive and easier to rule; and strong leaders, who were able to ...

8th and 7th centuries BC

Year Event

753 BC: Rome was founded. According to Roman legend, Romulus was the founder and first King of Rome, establishing the Roman Kingdom.

715 BC: Numa Pompilius became the second King of Rome.

673 BC: Tullus Hostilius became the third King of Rome.

667 BC: Byzantium was founded by Megarian colonists.

Explanation:

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3 years ago