History, 21.08.2020 01:01, lalalaaldgydyhg8823
In the mean time, one of the principal effects of those discoveries has been, to raise the mercantile system to a degree of splendour and glory which it could never otherwise have attained to. It is the object of that system to enrich a great nation, rather by trade and manufactures than by the improvement and cultivation of land, rather by the industry of the towns than by that of the country. . . .Two new worlds have been opened to their industry, each of them much greater and more extensive than the old one, and the market of one of them growing still greater and greater every day.
–Adam Smith
An Inquiry Into the Nature and Causes of the Wealth of Nations
An economic consequence of the material wealth returned to Europe due to colonization and exploration was
increased upward mobility for lower-class citizens.
a greater reliance on industry rather than agriculture.
increased government spending on public works initiatives.
high unemployment, as wealth shifted from goods production to the financial sector.
Answers: 3
Other questions on the subject: History
History, 21.06.2019 18:00, Becky323
Which statement best summarizes the process of the abolition of slavery in the united states? o a slave owners agreed to limit and ultimately abolish slavery to prevent a slave rebellion similar to the haitian revolution o b. the united states did not abolish slavery until after many latin american countries did because it faced opposition from powerful slaveholders o c. the abolition movement in the united states used a series of legal challenges to successfully outlaw slavery. d. the abolition movement used nonviolent tactics to eventually convince the u. s. government to abolish slavery.
Answers: 1
History, 22.06.2019 00:00, FantasticFerret
To keep other european powers from threatening its empire in america, spain sent soldiers, settlers, and?
Answers: 3
History, 22.06.2019 06:10, zyrashanson
Demographers can compare a choropleth map to a to understand how geography influences population distribution and there are no a, b,c, or d u have to find it out ur self asap
Answers: 1
History, 22.06.2019 09:30, Penguin1502
For each statement, select whether it is true of the central pacific railroad, the union pacific railroad, or both. it began in nebraska. it began in california. it went through the sierra nevada. it went through the rocky mountains.
Answers: 1
Do you know the correct answer?
In the mean time, one of the principal effects of those discoveries has been, to raise the mercantil...
Questions in other subjects:
