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Someone who is a cripple is someone who does not have any working legs. For example, many people who get around in wheelchairs are considered to be crippled and handicapped.

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What was the significance of the Embargo Act?

The Embargo Act destroyed New England's shipping capacity and seriously damaged American markets, especially for exporters. Markets where the U.S. had gained advantage, such as the West Indies, were lost to Britain and the economic cost to the country was extremely high. In the long-run, the Embargo Act had to be repealed because its significance was to nearly cripple the young American economy.


What were the Economic Consequences of the Peace?

The Economic Consequences of the Peace, written by John Maynard Keynes in 1919, critiques the harsh reparations imposed on Germany by the Treaty of Versailles after World War I. Keynes argued that these reparations would cripple the German economy, leading to widespread suffering and instability across Europe. He predicted that such punitive measures would ultimately hinder economic recovery and foster resentment, paving the way for future conflict. His insights highlighted the interconnectedness of economies and the dangers of punitive peace settlements.


What are disadvantages of money?

Money accounts for much of the wickedness in the world. The rich often depend on it to oppress the poor and millionaires sometimes treat their servants with great cruelty. Many young people, being purse proud of their parent's wealth and richness, neglect their school activities, always play truant and indulge themselves in alcohol, gambling and debaucheries. They often commit suicide after playing ducks and drakes with all their parents' fortune. Money can also create overwhelming debt which can cripple a nation, fuel violence and greed among people and nations. Money, in this way, is also the root of all evils.


Why has inflation become a necessary evil?

Inflation is a necessary evil for the development of an economy. Inflation is unavoidable but it must be kept in control.Inflation is NOT unavoidable. In fact, there have been several recent periods where deflation has occurred.Inflation is generally a side-effect of a growth-based economy with a fiat currency. Inflation itself can be caused by several factors: a too-fast expansion of the money supply, fluctuation in consumer demand, and changes in supplies of goods or services.While most people thing of inflation as "evil", the consensus of economists is that a small (