The reason why Madison wanted to avoid war with Britain was that he felt the U.S. military was not as strong as the British.
The effect of the war on the people of New England was that they had to diversify their economy from sea trade.
The war was indeed a victory for the U.S. because they gained land from Spain and received British assurances to stay out of America's attempts to expand across the Great Lakes.
<h3>What happened in the War of 1812?</h3>
The British were taking Americans hostage to use in their navy and along with other reasons, both Britain and the U.S. were close to war.
President Madison did not think the Americans would win a superior British army at first however so he abstained from war and preferred economic sanctions.
These sanctions and the resulting war, meant that the New England Americans could not ship to England and France as well as they used to thanks also to British blockades.
They were therefore forced into finding other ways of making money. The Americans still won the war however because they inflicted heavy losses on the British and gained some land.
Find out more on the War of 1812 at brainly.com/question/382669.
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Answer:
Keir will have the most money to spend on a new boat at the end of the five years; $1,440
Explanation:
Three friends decide that they each want to be able to buy a new boat in five years. Vanore puts $1,000 in a savings account with a simple interest rate of 4.5%. Keir invests $1,200 in a standard savers account with a simple interest rate of 4%. Omar invests $950 in a junior achievers account with a 6% annual compound interest rate. Who will have the most money to spend on a new boat at the end of the five years?
Vanore puts $1,000 in a savings account with a simple interest rate of 4.5%.
Vanore:
I = p * r * t
= 1000 * 0.045 * 5
= $225
I = $225
After 5 years, Vanore will have $1000 + $225
= $1225
Keir invests $1,200 in a standard savers account with a simple interest rate of 4%
Keir:
I = p * r * t
= 1200 * 0.04 * 5
= 240
I = $240
After 5 years, Keir will have $1200 + $240
= $1,440
Omar invests $950 in a junior achievers account with a 6% annual compound interest rate.
Omar:
A = P (1 + r)^t
= 950(1 +0.06)^5
= 950(1.06)^5
= 950(1.3382)
= 1271.1
A = $1,271.1
After 5 years, Omar will have $1,271.1
Keir will have the most money to spend on a new boat at the end of the five years; $1,440
The answer is: none of the above
As a GDP of a certain country increased, the number of wealth accumulated by the people in that country is also increased. This means that the citizens would have more purchasing power to buy more guilds , improve their health, pursue higher education, and acquiring skills that needed in the workforce.
