A monarchy is a type of government ruled by a hereditary ruler, such as a king or queen. A theocracy, on the other hand, is a system where a small group of religious leaders rule in the name of a god. A monarch who claims the divine right of kings uses their religion to justify their position of power. (See image: Courtesy of tvtropes.org) A monarch can claim to rule by god's will, but doesn't have to be a religious leader.
This information was taken from the article <em>"Three Forks Area", </em>published by the Oklahoma Historical Society. The complete paragraph goes as follows:
One of the earliest people to set up trade in the Three Forks area was Jean Pierre Chouteau. He and his brother had been running a successful trading post for years in their St. Louis Headquarters .The trading post at Three Forks was set up on the Neosho River in 1796.
Jean's half-brother's name was August Chouteau.
Well that would likely hinder the trade for such nation, like China. China has a TON of industry, and what would happen of it couldn't reach outside its borders? The economy would plummet! It would weaken every aspect of the nation.
Since the 1800s<span> and the Industrial Revolution the world has been consuming at a higher rate than ever, helping the industrial revolution consumer-wise.</span>