He fought the army during wwi
HERE'S WHAT I COULD COME UP WITH
The families of Middle Class Americans had enjoyed the prosperity, ostentation and conspicuous consumption of the Roaring Twenties that fostered a belief that they were better than others. The wages of the middle class were more than double those of the poor. Hard times hit many Middle class families as debts accumulated through 'Margin Loans' had to be repaid immediately. Loans on 'easy credit', for various consumer goods such as automobiles or refrigerators, still had to be repaid. Numerous small banks collapsed and people lost their life savings. Family homes in comfortable 6-8 roomed houses had to be sold to cover debts and back taxes. Those that managed to keep their houses could no longer afford electricity. And servants had to be dismissed adding to the rising unemployment figures.
Answer:
C. continuous decline of wage
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.
Rufus King became a senator in 1789 at age 34
