A Planned economy, also known as a command economy, is an economic system in which the state directs the economy. The central government controls industry such that it makes all decisions regarding the production and distribution of goods and services.
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D. Cutting off trade with Arab merchants from the North.
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<h3>Comparison Henry Luce’s and Vice President Henry Wallace’s visions of America’s role in the postwar world.</h3>
Explanation:
Both Henry Luce and Vice President Henry Wallace were internationalists who worked on establishing new foreign policies for U.S. They both wanted to expand American democratic values and principles in the international platform.
Henry Luce in his editorial "The American Century" stressed on the need to end conflict and transform international relations through American principles. Similarly, Henry Wallace in his speech in 1942 deliberately mentioned "Century of the Common Man" which emphasized on establishing a new world order where democratic principles will be cherished by every citizen of the world.
Both Henry Luce and Henry Wallace believed in self-determination and economic prosperity of every country. They advocated freedom from imperialism and other forms of foreign control. They derived the definition of freedom as a necessary element to prosperity because of the conflicts that they have witnessed through imperialism and colonialism.
This society is a close agricultural civilization where vassals worked on fiefs owned by lords. In this system, the lords would receive a payment in terms of gold and produces that are nurtured by the vassals. Then, these Lords will then protect these people from invaders and thieves
