According to Adam Smith, <em>mercantilist policies that limited trade prevented the expansion of trade with other countries.
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Smith considered that government intervention was no good in the economics of a country. He said that a free trade market was what a country needs. Otherwise, mercantilist policies limit trade and don’t allow its expansion abroad. Protectionism limited production and was a way to promote monopolies. If this happened, competition suffered.
Smith proposed that in order to achieve permanent economic growth with its social benefits in society, the government did not need to maintain economic privileges. <u>He totally supported the free market.
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Answer: 1. nitial success came to the Portuguese because they had been shrewd enough to develop a strategy of divide and conquer.
2. The control of sea trade, the chief source of Portuguese wealth in the East, was assured by the defeat of Muslim naval forces off Diu in 1509. Almeida’s successor, Afonso de Albuquerque, conquered Goa (1510), which he made the seat of Portuguese power, and Malacca (1511); sent two expeditions to the Moluccas (1512 and 1514); and captured Hormuz in the Persian Gulf (1515).
3.Europe’s trade relationships with the developing world are up for review, but policymakers are failing to seize the opportunity. In February 2020, the Cotonou Agreement—an aid, trade, and political partnership between the EU and African, Caribbean and Pacific (ACP) countries—will expire, paving the way for a new regional cooperation model.
Explanation:
Elizabeth’s Religious Settlement meant that the country was now officially Protestant, but allowed some traditions of Catholic worship. At first many Puritans seemed to accept the Settlement, but they soon started organizing campaigns to make it more Protestant.
The first blank would be the Bill of rights which set up a bunch of Rights for the american people.
The Second Blank was the <span>Naturalization Act which raised the bar on how many years an immigrant had to wait until it could be eligible for citizenship</span>