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Dominik [7]
4 years ago
9

True or false the populist party strongly supported the gold standard and was supported by most farmers

History
1 answer:
aliina [53]4 years ago
6 0
False, the populist party did not support the gold standard because they favored inflation and the gold standard would stop inflation.
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What parts of the economy should the socialist government control?<br> EXPLAIN!!
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Answer:

- Ownership of the resource

- Resource allocation

- Wealth distribution

- Welfare funds

Explanation:

- Ownership of resource

Socialist government allows ownership of the resources, but it will be kept to something that we consume/use directly (food , clothing, shelter)

Resources such as land, electricity, water, and other things that is used by the mass will be controlled by the government.

- Resource allocation

In pure socialist country, the government will determine the type of goods/services produced by the country. The citizens do not have the options to pursue their own interest and have to adapt to the government's decision

- Wealth distribution

People's chance to obtain additional gain for their income tend to be limited. Pure socialist government tend to equalize the income received by the people. This can be a double edged sword . On one hand , this will eliminate disparity between social classes. On the other hand, this system will provide no incentives for the people who wants to work harder.

- Welfare

Things such as health insurance and food coupons will be nationalized in a pure socialist country, Private insurance company wouldn't exist, and people in the country will receive the same type of health care.

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What does war make possible?
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war always brings an economic influx in jobs.

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