Answer:
demand decrease, supply increase
Explanation:
consumers will reduce spending with price increases, so demand will decrease. Therefore supply will increase as supply is inversely proportional to demand in this model.
Which of these is an example of why 1969 is an important year?
A) It was the year the Voting Rights Act was passed.
B) It was the year that the Cuban Missile Crisis took place.
C) It was the year that the Vietnam War ended.
D) It was the year that man first landed on the moon.
Answer: D) It was the year that man first landed on the moon
Explanation: I read it in a space book.
Based on their views, which organizations would Robert and Carol have likely joined?
According to Robert Michels, oligarchies frequently emerge in organizations as result of the advantages enjoyed by those at the top of the hierarchy, which enable them to gain more authority.
What is oligarchy?An oligarchy is a form of government in which a small group of individuals hold power over a society. These individuals often come from wealthy and influential backgrounds and use their resources to maintain their position of authority. Oligarchies can arise through a variety of means, such as inheritance, coup d'etat, or through control of key economic resources. In an oligarchic system, decisions are often made by a select few, who may prioritize their own interests over those of the general population. This can lead to social and economic inequality, limited political freedoms, and a lack of accountability for those in power. Oligarchies have existed throughout history in various forms, from ancient city-states to modern-day corporations and political parties.
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by 1929, the united states produced more than 40 percent of the world's manufactured goods. group of answer choices true false
The statement, by 1929, the United States produced more than 40 percent of the world's manufactured goods, is true.
The year 1929 is important for many reasons, including the fact that the United States had already begun to develop as an industrial powerhouse at that time. By 1929, the United States produced more than 40 percent of the world's manufactured goods. It is the time when the Great Depression started.
On October 29, 1929, the stock market crashed, leading to the Great Depression, which lasted for nearly a decade. The United States also led the world in many aspects of industrial production.
The following are some of the industries in which the United States was a major player in 1929:
Iron and Steel Production of machinery, particularly of machine tools (the United States was a leading exporter of machine tools)Petroleum and natural gas Production of consumer goods, including automobiles, radios, and other appliances Construction and transportation productsIn conclusion, the statement "by 1929, the united states produced more than 40 percent of the world's manufactured goods" is true. The United States was a leading player in many industries, and the country was already developing into an industrial powerhouse.
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What do we know about the group "Citizens for Strength and Security"? When tracking down the address for this group, what do we find out?
Citizens for Strength and Security (CSS) is a Political Action Committee and its mission is to increase public knowledge about issues relevant to the middle class in America. The group list a number of different custodians and addresses.
Citizens for Strength and Security (CSS) is a 527 Political Action Committee that focuses on promoting awareness of issues that impact the American middle class. The group's political leanings are left-leaning and they primarily run ads in support of Democratic candidates while opposing Republican candidates.
The CSS Action Fund, which is not required to disclose its donors, is connected to the 527 CSS but has different custodians and addresses. The Democratic Governors Association, the Pharmaceutical Research and Manufacturers of America, and the Service Employees International Union are among the major funders of CSS.
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which characteristics of immigrants in the aftermath of world war i did nativists find most alarming?
Nativists during the aftermath of World War I found the following characteristics of immigrants to be most alarming: their cultural and linguistic differences, their perceived lack of assimilation into American society, and their supposed threat to American jobs and wages.
Nativism is the practice of favoring native-born citizens over immigrants in the political, social, and economic arenas. Nativists oppose immigration and advocate for the restriction of citizenship rights to native-born citizens only.
During the aftermath of World War I, nativism gained a lot of traction in the United States as immigrants from Southern and Eastern Europe flocked to American shores. They were usually poor, non-Protestant, and non-English-speaking, and they were seen as a threat to the nation's identity, security, and prosperity by many native-born Americans.
The Immigration Act of 1924, also known as the National Origins Act, was the culmination of the nativist movement's efforts to limit immigration to the United States.
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what is the "installment plan" that originated during the 1920s
A. it is a contract that requires you to pay off your debt in one lump sum
B. it is a plan for ford to send you an additional spare tire for your new ford automobile each month.
C. it is a plan that forces buyers to purchase items without credit options
D. it is a planned way to pay a small amount once a month until you have payed off your debt
Answer:
D. it is a planned way to pay a small amount once a month until you have payed off your debt
Explanation:
During the 1920s many Americans bought high-cost items, such as refrigerators and cars, on the installment plan, under which they would make a small down payment and pay the rest in monthly installments. Some buyers reached a point where paying off their debts forced them to reduce other purchases.
what did calvin coolidge believe was the chief business of the american people? group of answer choices going to church business civil rights spreading liberty
Calvin Coolidge believe business was the chief business of the American people.
The correct option is d.
The 30th president of the United States, John Calvin Coolidge Jr., was an American politician and attorney who presided over the country from 1923 to 1929. Coolidge, a Republican lawyer from New England who was born in Vermont, rose through the ranks of Massachusetts state politics before taking office as governor. He gained a reputation as a man of decisive action thanks to his response to the 1919 Boston Police Strike, which catapulted him into the national spotlight.
Coolidge was steadfast in his pursuit of an effective and cost-effective government. Calvin Coolidge, the 30th President of the United States (1923–1929), showed his commitment to upholding the traditional moral and economic values of thriftiness despite the material prosperity that many Americans were experiencing in the 1920s. Therefore, the correct option is d.
The question is incomplete the complete question is "What did Calvin Coolidge believe was the chief business of the American people?
a) Civil rights. b) Internationalism. c) Spreading liberty. d) Business. e) Going to church."
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the end of the cold war and significant reduction in us forward-deployed non-strategic nuclear weapons led regional combatant commanders to increasingly view nuclear deterrence and operations as the sole responsibility of which combatant command?
The combatant command whose regional combatant commanders increasingly viewed nuclear deterrence and operations as the sole responsibility is United States Strategic Command (USSTRATCOM).
The United States Strategic Command (USSTRATCOM) is one of ten unified combatant commands of the United States Department of Defense (DoD).
It is charged with space operations (such as military satellites), global missile defense, space surveillance, intelligence, surveillance, and reconnaissance (ISR), global command and control, and global strike, among other things.
The headquarters of USSTRATCOM is situated at Offutt Air Force Base in Nebraska in the United States. In general, the task of USSTRATCOM is to deter strategic attacks and defend the nation's interests in a range of contingencies, including nuclear deterrence.
It is tasked with developing war plans, contingency plans, and options that address nuclear weapons use and escalation, while also developing war plans, contingency plans, and options that address the use of all instruments of national power.
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what factors led to the saffron revolution? what was the result of the revolution (short and long-term)?
The factors which led to the saffron revolution are the desire for freedom, political repression, economic hardships, etc. which paved the way for democracy in Myanmar.
The "Saffron Revolution" refers to a series of protests and demonstrations that took place in Myanmar (Burma) in 2007. The term "saffron" refers to the color of the robes worn by Buddhist monks who played a significant role in the protests.
The factors that led to the Saffron Revolution were multifaceted. The immediate trigger for the protests was the sudden and steep rise in fuel prices by the military junta that ruled Myanmar at the time. However, the underlying causes were more deep-rooted and included widespread economic hardship, political repression, and a desire for greater freedom and democracy.The protests began in August 2007 when a group of monks in the city of Pakokku staged a peaceful march to protest against the fuel price hike. The protests soon spread to other parts of the country, and tens of thousands of monks and civilians joined in the demonstrations.The military regime responded with force, using tear gas, batons, and in some cases, live ammunition to disperse the protesters. The crackdown resulted in the deaths of several people, including monks.In the short term, the Saffron Revolution failed to achieve its immediate goals of bringing down the military regime or forcing it to implement democratic reforms. The military responded to the protests by tightening its grip on power and further repressing political opposition.However, in the long term, the Saffron Revolution played a significant role in paving the way for the democratic reforms that were implemented in Myanmar in the years that followed. The protests brought international attention to the plight of the Burmese people and led to increased pressure on the military regime to reform.In 2011, a nominally civilian government was installed in Myanmar, marking the beginning of a gradual transition toward democracy. While there is still a long way to go, the Saffron Revolution is seen as a turning point in Myanmar's history, marking the beginning of a new era of greater freedom and democracy.
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contact with the west ____ Japanese culture.
Create your own document to write a letter back to MLK, Jr. Update him on Civil Rights in current times. (What is going on currrently, good or bad? Have things progressed or not enough?
Respected Mr. MLK Jr.,
It has been many years since your famous "I Have a Dream" speech in 1963, and your dedication and hard work for the Civil Rights Movement have been remembered and celebrated since then. We have come a long way in the fight for equality, but there is still much work to be done.
Recently, we have seen a resurgence of the power of the people to bring about historic and monumental changes. We have witnessed the end of Jim Crow, the passage of the Civil Rights Act of 1964, and the election of the first African American President of the United States. There is still much progress to be made in order to create a more equitable society, including initiatives to create safe spaces for people of color and diversify corporate and organizational workforces.
We have also seen an increase in the representation of people of color in the media, in fashion, and even in politics. This is an encouraging sign, and it is all thanks to your legacy and determination.
Though we still have a long road ahead, I am confident that we will continue to make progress and move closer to a more just and equitable society. Thank you for showing us that anything is possible.
Sincerely,
XYZ.
why is ponyboy surpised that the man in the ambulance doesnt realze that he johnny and dally are greasers?
Answer:
It's likely that Ponyboy is surprised because in their community, the distinction between greasers and socs (the wealthier, more privileged group) is very clear and strong. Ponyboy and his friends, Johnny and Dally, all belong to the greaser subculture that emphasizes a sense of identity and belonging through dress, hairstyle, music preferences, and social norms. For them, being a greaser is an integral part of their self-identity.
Therefore, Ponyboy assumes that the man in the ambulance would be able to identify them as greasers simply based on their appearance and attire. However, the man's lack of recognition shows that their world is not as divided as Ponyboy had believed and that socioeconomic status or subcultural affiliations are not always immediately noticeable or relevant.
did america ever execute people during the mccarthy era on unsubstantiated evidence of them being a communist
Yes, America executed people during the McCarthy era on unsubstantiated evidence of them being a communist. The most notable example of this is the execution of Julius and Ethel Rosenberg in 1953.
The Rosenbergs were accused of spying for the Soviet Union and providing them with nuclear secrets, but the evidence against them was largely circumstantial and based on the testimony of other suspects who were also under pressure to cooperate with the government.
Despite international protests and appeals for clemency, the Rosenbergs were put to death in the electric chair. The case has been widely criticized as a miscarriage of justice and a reflection of the paranoia and hysteria of the McCarthy era. Other victims of McCarthyism were also targeted based on unsubstantiated evidence of their Communist affiliations.
Thousands of people lost their jobs, were blacklisted from the entertainment industry, or were forced to testify before Congress about their political beliefs. Many of these individuals were innocent of any wrongdoing, but their lives and careers were ruined by the accusations and investigations during the McCarthy era.
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true or false: the fight for indigenous civil rights ended immediately after the civil rights era of the 1960s-1970
False. The fight for indigenous civil rights did not end immediately after the civil rights era of the 1960s-1970. The civil rights era refers to the period in American history from 1954 to 1968 when the struggle for the civil rights of African Americans reached its height.
During this period, African Americans in the United States began to fight more strongly for their civil rights. In the 1960s-1970s, the civil rights movement helped to promote the rights of African Americans, women, and other minority groups. However, this movement also focused on the rights of Indigenous people in the United States.
Despite the fact that there was increased support for Indigenous civil rights during this time, the fight for Indigenous civil rights did not end immediately after the civil rights era. There is still work to be done in terms of promoting the civil rights of Indigenous people.
Although some progress has been made in recent years, Indigenous people in the United States continue to face significant challenges and injustices.
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Examine the picture above. What is the picture advertising or promoting? What are your feelings about this
image?
The picture is advertising or promoting farming. The advertisement informs it's audience about the income, level of sales, and experiences as well as happiness derived in practicing the act.
What are one's feelings about this image?One will feel that this has to do with farmers and their investors as the advertisement is based on farm produce as seen clearly at the left side of the picture with a pineapple.
Based on the picture, the details of their activities are shown to reflect the positivity of their actions and the fact that it is internationally connected. Also, the importance or benefit of farm land is further stated in their slogan.
The picture shows a moving ship which depict exportation, and the men in the advertisement, the target audience is most likely males and females who love farming in either their youthful age.
The advertisement and the imagery used speaks of such international reputation, the income, level of sales and experiences as well as happiness enjoyed in doing so.
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1. draw inferences why did congress fail in its attempts to force britain and france to recognize american neutrality?
Congress failed in its attempts to force Britain and France to recognize American neutrality because they were weak and lacked the power to enforce their laws. This is evident from the fact that the United States was still a relatively new nation and did not have a strong military or economic base.
Additionally, the British and French had their own interests to protect, and did not see any benefits in recognizing American neutrality.
Furthermore, the British and French had their own naval blockades and wanted to maintain their dominance in the region. As a result, they did not feel compelled to recognize American neutrality, and continued to take actions that went against American interests.
Overall, Congress failed in its attempts to force Britain and France to recognize American neutrality due to their own weaknesses, lack of power, and inability to influence the actions of foreign nations.
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3. Slaves arrived in America by
A. ship
B. train
C.foot
D.none of the above
Answer:
Explanation:
they arrived on a ship
What was the goal of the "Boxers" during the Boxer Rebellion?
A: To get rid of all peasants
B: To overthrow Mao Zedong
C: To establish a Chinese colony in North America
D: To rid China of foreign influences
Answer:
I believe it is D
Explanation:
The goal of the "Boxers" during the Boxer Rebellion was to rid China of foreign influences. The Boxers were a secret society in China that opposed foreign imperialism and Christianity, and they believed that by performing certain rituals and exercises, they could make themselves invulnerable to bullets and other forms of harm. In 1900, the Boxers, with the support of some members of the Chinese government, launched a rebellion against foreigners and Chinese Christians, which led to a violent conflict that lasted for several months. The Boxers were eventually defeated by a coalition of foreign powers, but the rebellion contributed to a growing sense of nationalism in China and helped set the stage for the Chinese Revolution of 1911. hope this helps
How did the axis leaders come to power in their own countries
These countries were led by German dictator Adolf Hitler, Italian dictator Benito Mussolini and Japanese Emperor Hirohito. In September 1940, the three countries formalized their alliance through the Tripartite Pact. Five other countries subsequently joined the Tripartite Pact and became Axis powers.
who declared in 1893 that the frontier that had shaped the character of america no longer existed?
The statement "the frontier that had shaped the character of America no longer existed" was made by historian Frederick Jackson Turner in 1893.
Frederick Jackson Turner delivered a paper at the American Historical Association, entitled “The Significance of the Frontier in American History,” in which he made the statement, "the frontier that had shaped the character of America no longer existed."
The frontier played a significant role in the growth and development of the United States, according to Turner. It had a strong influence on American identity, culture, and democracy. The process of Americanization was also driven by the frontier. The idea of a westward-moving frontier was well-known in American literature, movies, and popular culture. The westward-moving frontier was, according to Turner, an essential aspect of the American character. It stimulated democracy and individualism, encouraged economic opportunity, and shaped the American identity.
Turner's statement, which claimed that the frontier no longer existed, was symbolic of the transformation of American society. By the turn of the twentieth century, the western frontier had been colonized, and industrialization had taken over. America was no longer a frontier nation, but an industrialized society.
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identify monroe's foreign policy. what were the four main points of the monroe doctrine? what was its impact?
Monroe's foreign policy is commonly referred to as the Monroe Doctrine.
This was a United States policy that declared any attempt by a European nation to colonize, interfere with, or exert control over any nation in the Americas would be viewed as a hostile act against the United States.
The four main points of the Monroe Doctrine are as follows:
1. The United States would not interfere in the affairs of European nations.
2. European nations could no longer establish new colonies in the Americas.
3. Any attempt by a European nation to colonize or interfere with nations in the Americas would be considered a hostile act against the United States.
4. The United States would refrain from interfering in existing European colonies in the Americas.
Impact of Monroe Doctrine:
The Monroe Doctrine had a significant impact on the Western Hemisphere, particularly in Latin America. It enabled the United States to solidify its influence over the hemisphere and ensured that no other nation would be able to intervene in the Americas.
It also helped to establish the United States as a world power and paved the way for further territorial expansion.
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. What did Madison's concept of government eventually be known as?
Answer: Vices of the Political System of the US
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to what extent did fdr's critics offer reasonable alternatives to the new deal? how did fdr outmaneuver his opponents?\
FDR's critics did not offer any reasonable alternatives to the New Deal. To outmaneuver his opponents, FDR used his power as president to win the support of the media, Congress, and the American people.
They simply opposed FDR's New Deal, arguing that it was excessive in terms of government intervention and spending. Many of the New Deal's critics believed that the government should not intervene in the economy and that the free market should be allowed to operate without government interference.
In response to his opponents, FDR used his communication skills to persuade the American people that his policies were beneficial to the nation.
To outmaneuver his opponents, FDR used his power as president to win the support of the media, Congress, and the American people. He was able to create an image of himself as a strong and determined leader who could guide the nation through difficult times.
In addition, FDR was able to convince Congress to pass several important pieces of legislation that were critical to the success of the New Deal. These included the National Industrial Recovery Act, the Social Security Act, and the Fair Labor Standards Act.
Through these policies, FDR was able to provide relief to those who were suffering as a result of the Great Depression and to establish a safety net that would protect American workers and families for decades to come.
In conclusion, FDR's critics did not offer any reasonable alternatives to the New Deal.
They simply opposed his policies without providing any meaningful solutions to the problems facing the nation. FDR, on the other hand, was able to use his communication skills and his power as president to outmaneuver his opponents and to implement policies that helped to bring the country out of the Great Depression.
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what was the name of the group that became the chief enemy of the israelite people during the united monarchy?
The chief enemy of the Israelite people during the United Monarchy was the Philistines.
The Philistines were a seafaring people from the Aegean Sea region who migrated to the Levant during the 12th century BCE. The Philistines were a major threat to the Israelites, as their superior weapons and chariot warfare posed a formidable challenge.
This ultimately resulted in the decline of the United Monarchy and the subsequent division of the Israelites into two kingdoms.
The Philistines continued to be a major threat to the Israelites, as they continued to wage wars against them in an attempt to conquer the entire region.
The Philistines were eventually defeated by King David and their power was broken, although they continued to be an ongoing threat to the Israelites throughout their existence.
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Writ a 2 paragraph reflection about moneyball
The first paragraph should discuss which scene you felt portrayed the concepts of “gains” from trade and comparative advantage” the most and explain why. The second paragraph should discuss whether you feel like using the strategies the A:s used to determine “gains” from trade and comparative advantage “ are the best solutions for a sport like baseball as a small market team with less money than many others like A’s or not why.
Moneyball is a term used to describe a strategy in baseball that was popularized by the Oakland Athletics baseball team during the early 2000s.
The scene that best portrays the concepts of "gains" from trade and comparative advantage" is the one where Billy Beane is in a meeting with his scouting team. They are discussing potential players to acquire, and one of the scouts argues that a player has , which means he has confidence. Billy Beane counters this by asking what they are trying to do, win a beauty contest or baseball games. This scene highlights the concept of comparative advantage, where the A's front office seeks to gain an advantage by identifying undervalued players with specific skill sets that can be leveraged to win games. This approach is in stark contrast to the traditional scouting method, which emphasizes the physical attributes of players rather than their on-field performance.
In terms of whether using the strategies the A's used to determine "gains" from trade and comparative advantage are the best solutions for a sport like baseball as a small market team with less money than many others like the A's, there is no clear answer. On the one hand, the A's approach allowed them to compete against larger market teams and achieve significant success.
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Read this quotation from Pericles’s Funeral Oration in ancient Athens. It is true that we are called a democracy, because power is in the hands of the many and not the few. . . Everyone is equal before the law; when a citizen is in any way distinguished, he is chosen for public service, not as a matter of privilege, but as reward for his abilities. Neither is poverty an obstacle; a man may benefit his country whatever his social class. This quotation supports the idea that
the ability to govern should be a privilege. Few citizens have the skills for public service. Women and men should be equal under the law. Both the rich and the poor have the ability to serve
This quotation from Pericles's Funeral Oration supports the idea that women and men should be equal under the law.
Pericles emphasised that everyone in Athens is treated equally under the law and that a citizen's qualifications for public duty are determined by their skills, not by their social standing. He makes the point directly that "Neither is poverty a hindrance; a man may benefit his country whatever his social class," implying that social status shouldn't restrict a person from serving their country. Its emphasis on equal protection under the law and everyone's capacity to contribute to society, regardless of their socioeconomic standing, signifies a rejection of the notion that having the power to govern should be a privilege reserved for the select few who are judged deserving.
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using the information from this table and what you learned in this lesson, you will now write an essay in response to this question Which program did the most to expand opportunity for the target group of Americans it was designed to help?
Answer:
In the history of the United States, several programs have been implemented with the aim of expanding opportunities for specific groups of Americans. However, among these programs, the GI Bill of Rights has been the most successful in achieving its objectives. The GI Bill of Rights was designed to assist military personnel who served during World War II to acquire education and training, access affordable loans, and purchase homes. This essay explores how the GI Bill of Rights expanded opportunities for its target group of Americans.
The GI Bill of Rights provided military personnel with the opportunity to access education and training. Under this program, veterans could pursue college education or attend vocational schools, providing them with the necessary knowledge and skills to compete in the job market. According to a report by the United States Department of Veterans Affairs, about 8 million veterans received education and training through the GI Bill of Rights (n.d.). This education and training created a highly skilled workforce that could easily fit in various industries, expanding the employment opportunities for veterans.
The GI Bill of Rights also provided affordable loans to veterans to purchase homes, farms, or start businesses. This provision helped veterans to become homeowners, a crucial step towards achieving the American dream. Through this program, veterans could access affordable loans, and the government would guarantee 50% of the loan amount, reducing the risk for lenders. According to a report by the National Bureau of Economic Research, the GI Bill of Rights helped veterans purchase 2.4 million homes by 1951 (Hansen, 2014). The provision of affordable loans enabled veterans to acquire property, establish businesses, and create wealth, expanding opportunities for them and their families.
Finally, the GI Bill of Rights also provided a range of benefits to the surviving spouses and dependents of military personnel. Under this program, surviving spouses and dependents could access education and training, access affordable loans, and access medical care. This provision enabled spouses and dependents to acquire education and training, which could help them become more competitive in the job market. Moreover, the provision of medical care helped to improve their health, thus improving their quality of life. According to the United States Department of Veterans Affairs, about 540,000 spouses and dependents received education and training benefits from the GI Bill of Rights (n.d.). This provision expanded opportunities for spouses and dependents and created a more equitable society.
In conclusion, the GI Bill of Rights has been the most successful program in expanding opportunities for its target group of Americans. This program provided education and training, affordable loans, and benefits to surviving spouses and dependents. These provisions enabled veterans to acquire skills and knowledge, access affordable loans, purchase homes, and create businesses, creating wealth and expanding opportunities for them and their families. Moreover, the GI Bill of Rights created a highly skilled workforce, expanded the job market, and created a more equitable society.
what were the similarities and differences between chinese and japanese immigration to the united states?
The similarities and differences between Chinese and Japanese immigration to the United States can be seen in terms of the reasons for immigration, the challenges faced by immigrants, and the lasting impact of their arrival.
The primary reason for both Chinese and Japanese immigration to the United States was the need for economic opportunity. Both groups faced challenges of prejudice, racism, and labor exploitation in the United States. Although they were subject to discrimination, they were also able to create their own successful communities and lasting cultural legacies.
The challenges faced by Chinese and Japanese immigrants were largely similar. Many faced the threat of deportation, as well as restrictions on their ability to own land or vote. However, Japanese immigrants faced additional challenges due to the onset of World War II. This led to their internment in relocation camps, which was not experienced by Chinese immigrants.
The lasting impact of Chinese and Japanese immigration to the United States has been significant. Chinese immigrants have contributed to the growth of cities such as San Francisco, as well as the development of Chinatowns throughout the country. Japanese immigrants have established businesses and organizations, and are credited with introducing a number of cultural and culinary practices to the United States.
In summary, Chinese and Japanese immigration to the United States have had many similarities and differences. They have both faced challenges and discrimination, but have also been able to make lasting contributions to the United States.
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You are the leader of a country. If your ally is attacked, do you think your country would become involved in the conflict? Why or why not?
Answer:
For example The NATO
What happens if a country a member country of NATO is attacked?
The NATO Alliance consists of 30 member states from North America and Europe. Article Five of the treaty states that if an armed attack occurs against one of the member states, it should be considered an attack against all members, and other members shall assist the attacked member, with armed forces if necessary.
Explanation:
Laissez-faire economics and antitrust acts were:
A.
hallmarks of the Populist Party platform.
B.
vocally supported by the robber barons.
C.
unlikely to be supported by the same person.
D.
designed to rein in businesses that grew too large.
The Populist Party's agenda was characterized by laissez-faire economics and antitrust laws.
Mercantilism or capitalism best describes laissez-faire?There was little to no competition during mercantilism because the government controlled the means of production. The concept of inter-individual and inter-corporate competition was introduced by laissez-faire capitalism.
What made free-market economics so crucial?Because it gives people the most incentive to build money, laissez faire is the economic policy that grows the economy the fastest. You can't put on a robe, a crown, and demand that people give you money under a laissez-faire capitalist system.
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