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☆☆☆☆☆The Human factor
Supporters of free trade say that free trade benefits the global economy.
Answer this question… Europeans sought new markets for their surplus goods.
Answer this question… It eliminated the need for as many agricultural workers, forcing many to move to cities to find jobs.
Austria and Hungary became two states, with considerably less territory than before the war.
Europeans took almost absolute control over India's government, but focused only on securing trading rights in China
Socialism involves government regulation of industry, while capitalism is based on private control.
Answer this question…
Capitalism developed as a remedy for the overregulation of economies, but it was criticized for mostly benefiting the wealthy.
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Both were motivated by John Locke's ideas about natural rights
American stockholders took on increasing debt to buy shares of stock that eventually lost its value
the Haitian economy was crippled as a result of wartime damage to farms and industries
European countries were competing with one another for control of colonies in Africa and Asia.
The Allied Powers took control of territory in the former Ottoman Empire.
