Midway was considered the turning point in the Pacific War because during the battle 3 Japanese air craft carriers were sunk
The President plans to raise military spending to $343 billion a year in fiscal year 1986, from $162 billion a year in fiscal 1981. In that earlier article, I contended that, ranked in descending order of their probability, this increase in military spending would severely weaken this country's high-technology civilian industries as materials, equipment and skilled personnel are moved from civilian to military pursuits; produce shortages of materials, equipment and skilled personnel that will create ''bottleneck'' inflation in the sectors where the shortages occur, and stimulate general excess demand inflation in the rest of the economy just as it did during the Vietnam War.
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The southern states blocked funding
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Representatives of Spain and the United States signed a peace treaty in Paris on December 10, 1898, which established the independence of Cuba, ceded Puerto Rico and Guam to the United States, and allowed the victorious power to purchase the Philippines Islands from Spain for $20 million.
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OPEC can be observed as a trade barrier because it could hypothetically completely exclude a country from trading with countries that produce oil and this would make life much harder for those countries. For example, OPEC introduced an embargo on the US in 70s and there was a huge spike in gas prices and a shortage of fuel.
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