What Factors Explain Why It Is More and More Difficult

question 23

Essay

What factors explain why it is more and more difficult for a country to control its own economic destiny?

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Definitions:

Market Revolution

A period in the early 19th century characterized by significant changes in the U.S. economy due to increased mechanization and the expansion of markets.

Free People

Individuals who are not enslaved or imprisoned, often referring to the status of people before or after slavery in specific historical contexts.

Craft Guilds

Associations of artisans and craftsmen in the same profession or trade organized during the medieval period, aiming to protect their interests, regulate quality, and maintain monopolies over their craft.

Menial Positions

refers to jobs considered lowly, unskilled, or of lower status, often requiring manual labor and offering minimal pay.