Answer:
Germany, possessed several of the factors that made industrialization possible. It had ample iron and coal resources, the basic ingredients for industrial development. ... He lavished funds on the German military machine, already the most powerful in Europe.
Explanation:
Answer: Adam Smith described the opposing, but complementary forces of self-interest and competition as the invisible hand. While producers and consumers are not acting with the intent of serving the needs of others or society, they do. Smith argued against mercantilism and was a major proponent of laissez-faire economic policies. In his first book, "The Theory of Moral Sentiments," Smith proposed the idea of an invisible hand—the tendency of free markets to regulate themselves by means of competition, supply and demand, and self-interest. 1
Explanation:
Answer:
"Pre-Columbian civilizations, the aboriginal American Indian cultures that evolved in Mesoamerica (part of Mexico and Central America) and the Andean region (western South America) prior to Spanish exploration and conquest in the 16th century. The pre-Columbian civilizations were extraordinary developments in human society and culture, ranking with the early civilizations of Egypt, Mesopotamia."
Explanation:
I agree with the author that the world Industrial Revolution did not first happen in China.
<h3>What is
Industrial Revolution?</h3>
An Industrial Revolution refers to shift in process of agrarian economy to an industrial and machine economy.
The first Industrial Revolution happened in Britain in the area of manufacturing processes.
In China. the first industrial revolution was experienced between the 1988 - 1998 which features a mass production of labor-intensive light consumer goods across the country.
in conclusion, I agree with the author on the stance.
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