Answer: Keynesian economists stated that the recession of 1937 was a result of a premature effort to curb government spending and balance the budget. Roosevelt had been cautious not to run large deficits. In 1937 he actually achieved a balanced budget. Therefore, he did not fully utilize deficit spending.
Answer:
Some merchants became bankers and many new businesses were financed by profits made from slave-trading. The slave trade played an important role in providing British industry with access to raw materials. This contributed to the increased production of manufactured goods.
Explanation:
Answer:
The statement that best describes the Industrial Revolution would be B. a dramatic change in the way people worked and lived. It brought them out of the farms, and into the factories, working long hours.
Explanation:
