A. The president makes the economic decisions in a command economy.
A command economy is an economy where government officials, headed by the president, make most of the decisions.
The government owns some or all of the industries producing goods and services. They decide on what goods to produce and its corresponding prices, as well as, how to distribute the goods.
Under this economy, mass unemployment is avoided, abuse of monopoly power is prevented, and produced goods will benefit society and enable everyone to have access to their basic necessities.
The main reason why the South was so upset by Lincoln’s election in 1860 is because he had made it clear that he was opposed to slavery, which was the primary driving force of the South's economy.
Multiple people had different views on what they wanted so in order to satisfy everyone there was a compromise of multiple parties for the extensive views
The 1930’s is the time where Great Depression took place. In
that time, stock market crashed, unemployment went to the top, banks raced to liquidate
loans to cough up cash to sustain bank runs, and many banks closed. It resulted
to economic hardship to people in rural and city areas, most especially among
agricultural and factory workers. Huge numbers of people lost their jobs, while
those who still have jobs face very uncertain future. The Communist Party USA have
attractive platforms like more power for workers and for the common man. Therefore,
membership of the Communist Party USA swelled to about 55,000 in the 1930s.
