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THE ECONOMY

THE ECONOMY. THE ECONOMIC THEORY THAT A COUNTRY BECOMES STRONG BY BUILDING UP ITS GOLD SUPPLY AND INCREASING TRADE MERCANTILISM A TAX PLACED ON IMPORTS IN ORDER TO AID DOMESTIC MANUFACTURING PROTECTIVE TARIFF (TARIFFS PASSED IN 1828 AND 1832 LED TO THE) NULLIFICATION CRISIS.

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THE ECONOMY

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  1. THE ECONOMY

  2. THE ECONOMIC THEORY THAT A COUNTRY BECOMES STRONG BY BUILDING UP ITS GOLD SUPPLY AND INCREASING TRADE • MERCANTILISM • A TAX PLACED ON IMPORTS IN ORDER TO AID DOMESTIC MANUFACTURING • PROTECTIVE TARIFF (TARIFFS PASSED IN 1828 AND 1832 LED TO THE) • NULLIFICATION CRISIS

  3. THE ECONOMIC SYSTEM BASED ON PRIVATE OWNERSHIP AND FREE ENTERPRISE • CAPITALISM • ECONOMIC SYSTEM IN WHICH A BUSINESS CAN OPERATE FOR PROFIT WITH MINIMAL GOVERNMENT REGULATION • FREE ENTERPRISE SYSTEM • ELI WHITNEY INTRODUCED THIS METHOD OF PRODUCTION • INTERCHANGEABLE PARTS( THIS LED TO)

  4. MASS PRODUCTION ( THIS LED TO) • CHEAPER PRICES

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