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America was founded with the goal of freedom from too much government interference in the lives of citizens. Capitalism is a continuation of that goal, in that capitalism acknowledges the right of individuals when it comes to business and earning money with as little government interference as possible.
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What best describes the economic difference between the north and south just prior to the civil war?
Transportation systems were more developed in the North than in the South.
What are some Products of the Columbian Exchange?
The Columbian Exchange introduced a variety of products between the Old World and the New World. From the Americas, staple crops such as maize (corn), potatoes, and tomatoes were brought to Europe, significantly influencing diets and agriculture. In return, Europe introduced wheat, sugarcane, and livestock like cattle and pigs to the Americas. This exchange not only transformed food systems but also had profound economic and cultural impacts on both continents.
How the north and south developed industrially and agriculturally?
The North developed industrially through the establishment of factories, railroads, and a focus on manufacturing, which led to urbanization and a diverse economy. In contrast, the South remained predominantly agricultural, relying on plantation systems and slave labor to produce cash crops like cotton and tobacco. This divergence created distinct economic systems, with the North emphasizing industrial growth and the South maintaining an agrarian economy. Ultimately, these differences contributed to regional tensions leading up to the Civil War.
Around 1000 AD which of these systems was the characteristic form of economic and social organization in northwestern Europe?
Feudal
Which statements accurately describes an important affect of thee Colombian exchange on the Americas?
The Columbian Exchange significantly transformed the Americas by introducing new crops and livestock, which enhanced agricultural productivity and diversified diets. However, it also brought devastating diseases, such as smallpox, that decimated indigenous populations. This exchange reshaped not only the ecological landscape but also led to profound social and cultural changes as European colonization progressed. Ultimately, it laid the groundwork for profound demographic shifts and the establishment of new economic systems in the region.
Why is capitalism called an efficient economic system?
Cause of its comparison to the other economic systems.
What are two major econmic systems?
Capitalism, socialism, and communism are major economic systems.
What are three main economic systems of the world?
Communism, capitalism, and socialism.capitalism
What two economic systems have African leaders advocate?
Capitalism and Socialism
What are two general types of economic systems that exist today?
Capitalism and capitalism: wages system, production for use, minority ownership of the means of production.
What two economic systems clashed during the cold war?
communism and capitalism
Three types of economic systems?
There are many types of economic systems, but three of the most common are listed here.capitalist economic systemsocialist economic systemmixed economic system
What is the definition of industrial capitalism and how has it shaped modern economic systems?
Industrial capitalism is an economic system where private individuals or corporations own and operate businesses for profit, using industrial production methods. It has shaped modern economic systems by promoting competition, innovation, and efficiency, leading to economic growth and technological advancements.
Why are capitalism communism and socialism often misunderstood?
They represent ideas about both political and economic systems.
Three main economic systems of the world today?
Just different versions of capitalism, with varying degrees of state interference.
In which type of economic system does the government make no economic decisions?
There are several such systems, but the most popular is the laissez-faire system.
What type of economic systems does papua new guinea?
Papua New Guinea has a capitalism based economy.
