The government of India can be described as a federal republic while that of China can be described as a dictatorship where human rights are limited.
<h3>How are China and India different in governance?</h3>
China's government is headed by the totalitarian Communist Party where all power is virtually vested on the Premier who is currently Xi Jinping. This makes it a dictatorship where individual freedoms and human rights are limited.
India on the other hand, is a federal republic which means that citizens are able to elect their leaders. They also have a constitution that guarantees human rights and individual freedom.
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The years prior to 1929 were affluent and optimistic; there was a general belief that stock markets would continue to grow indefinitely, and speculation was rampant. Nevertheless, this was not the case, and a great economic crash occurred in October 29, 1929, also known as Black Tuesday. Billions of dollars were lost. It marked the beginning of the great economic downfall known as “The Great Depression”, that lasted until 1939.The president of the United States, Franklin D. Roosevelt, created multiple agencies and promoted public policies to address the problem of poverty and unemployment. To sum up, there was an initial era of total deregulation (the 20s), followed by a great economic depression, which led to interventionist policies and the final recovery of the American economy.
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