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Morgarella [4.7K]
2 years ago
5

President _____ marks the beginning of the fourth party system in the united states.

History
1 answer:
blagie [28]2 years ago
3 0
The correct answer is <span>William McKinley

President McKinley beat William Jennings Bryan and led the United States to a new era of prosperity where the parties started fighting for strong economy and human rights. This was the beginning of the progressive era after which presidents like Teddy Roosevelt came.</span>
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What economic outcome does Blanc predict resulting from "...the reign of free competition..."?
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Answer:

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Explanation:

In his work titled "Organization of Labor"  published in 1840, Louis Blanc wrote and I quote;<u><em> "Who would be blind enough not to see that under the reign of free competition the continuous decline of wages necessarily becomes a general law with no exception whatsoever?"</em></u>

Hence according to the economic theory of Louis Blanc, the reign of free competition leads to the decline of wages.

In the submission of Louis Blank<em> "The government ought to be considered as the supreme regulator of production and endowed for this duty with great power. This task would consist of fighting competition and of finally overcoming it.  The government ought to float a loan with the proceeds of which it should erect social workshops in the most important branches of national industry."</em>

Full text of Louis  Blanc's "Organization of Labor" (1840) was obtained from Internet History Sourcebooks of Fordham University.

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