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What were the economic principles of Adam Smith?
Supply and demandThe economist Adam Smith believed prices and profits depended on supply- the amount of goods and service available- and demand- the desire for those goods. As demand goes up, supply goes down.Adam Smith opposed mercantilism and monopolies. He believed that the law of supply and demand and the law of competition would regulate a free market.Adam Smith is often touted as the world's first free-market capitalist. The ideas that underpin the school of thought that became known as classical economics.
Why did Californias application for statehood caused a sectional crisis?
California's entrance as a free state would upset the legislative balance in favor of the North. California's entrance as a slave state would upset the legislative balance in favor of the South. California's entrance as a slave state would cause free African Americans there to lose their freedom. California's entrance as a free state would cause enslaved people there to be freed automatically.
Which of the following individuals would least favor the expansion and modernization o the American navy in the late 1800s?
Andrew Carnegie
What would most progressives be in favor of?
More government regulation Trust-bustingTrust-bustingThe "Progressive Era" of the late 19th century and early 20th century saw the US and western Europe politically active in wider social and economic issues, including private enterprise, labor unions, and women's suffrage. But individual opinions varied on how changes should be implemented.Most progressives favored government intervention against monopolistic trusts (trust-busting), but even Theodore Roosevelt believed in "good trusts" that efficiently advanced industries. The height of social intervention acts were the 17th, 18th and 19th amendments in 1913, 1919 and 1920 (Direct Election of Senators, Prohibition, and Women's Right to Vote).
How would the controvoversy over slavery have been affected if the supreme court had ruled in favor of dred Scott?
The Abolitionists could claim that he was a special case. There would have been no big divisive issue.
