Roosevelt was disappointed and Hoover was worried cause he didn’t know how to fix the depression
socialism is a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
The People's Republic of China (PRC) was established on October 1, 1949. However, an assessment of Chinese communism cannot begin there. It must begin about 30 years earlier, because the preceding years shaped the PRC as a communist state. Chinese communism has had a remarkable continuity of leadership. Mao Zedong (W-G: Mao tse-Tung, 1893-1976) and his colleagues were party members in the 1920s. Mao was instrumental in establishing an early form of Chinese communism in the years 1928-34. He helped to develop it and create the military and political strategy in the Yenan years of 1935-45 that won the civil war in 1949. He then went on to mold communist China and ruled it - in his last years at least in name - until his death in September 1976.
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Trade greatly affects a national economy since trade is one of the major ways in which an economy can grow, due to goods and services being exported to other countries, which brings in revenue and raises GDP.
