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The success of the cotton gin led to increased production of short-staple cotton throughout the South. In Texas, Austin offered land bounties to colonists willing to grow cotton and to blacksmiths and carpenters willing to build cotton gins. As early as 1825 primitive gin manufacturing took place near San Augustine.
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Assyrian civilization = This civilization built the first library in history. This civilization perfected the use of iron. This civilization mastered the art of roads.
Babylonian civilization = King Hammurabi was an important ruler of this civilization. The Hanging Gardens were this civilization's greatest achievement in architecture. This civilization took over the sumerian civilization.
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The First Continental Congress was a meeting of delegates in the United States. This meeting took place from September 5 to October 26, 1774 at Carpenters' Hall in Philadelphia, Pennsylvania. The delegates dicussed different ways in which the could collectively respond to the acts of the British government, which had included a blockade of Boston Harbor. The delegates agreed to impose an economic boycott on British trade.
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<u>Mixed Economy:</u>
The mixed economy in economics cohabits with the government's intervention in the market systems of allocating resources, trade, and commerce.
When a government gets involved to undermine free markets through the establishment of state-owned companies (such as public healthcare or education), legislation, incentives, tariffs, and taxation policies, it may create a mixed economy.
It is structured among true capitalism and true socialism, with a certain number of free-market components and social democratic elements. It is the combination of the aspects of capitalism and socialism.
Mixed economies generally preserve private control and ownership over most production processes but often regulated by the state. These type of economies are socializing industries which are considered essential.
Even if some economists question the economic consequences of different mixed modes of economics, they are all common in historical and contemporary economies.
