Robber barons were both good and bad. On the one hand, they created enormous wealth and opportunity. On the other, they drove numerous small competitors out of business, damaged the environment, and generally treated their workers very badly.
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The right answer is:
(1) It allowed elements of capitalism within a communist economic system.
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In the early 1920s, facing a dire economic and social situation, the Bolsheviks had to take a few steps back and reintroduce some capitalistic elements in order to stimulate growth and make the countryside produce food. In the 1980s, Mikhail Gorbachev attempted to reform a stagnated Soviet economy by allowing private initiative, entrepreneurship and decentralization of economic decisions; Gorbachev´s perestroika failed to achieve its ends, political instability took place and ultimately, communism in Eastern Europe collapsed, including the USSR.
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A primary factor that led to The Great Depression were the actions of the Federal Reserve and its inflationary policies. The Federal Reserve is the central bank of the United States and was created in 1913 to provide the nation with a more secure, flexible, and stable monetary system.
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