<u>The correct answers are the following: </u>
- Most relief efforts should be at the state and local government levels.
- A strong executive is needed to lead the country.
- The banking industry should be more strictly regulated.
During Roosevelt's presidency, the New Deal was implemented in the 1930s decade to combat the harsh situation of the US economy during the years of the Great Depression.
The New Deal was based on Keynesian economics that identified, as the major cause of the Great Depression, the extremely low aggregate demand figures. The solution proposed was to boost demand figures by directing large sums of public money to the creation of job positions for the large unemployed sectors, so that they could start to earn a salary and to demand products again.
Therefore, the Keynesian solution involved goverment interventionism in the economy at all levels. Also more regulations were demanded for the economy, in order to prevent a similar crisis the future, triggered by the private sector (more specifically, by the banking sector) and which had ended up damaging the whole economy.
The ancient Romans used their engineering skills to build aqueducts, bridges, roads, domed structures, the hypocaust heating system and any other building projects they undertook.
Hope this helps!
Andrew Carnegie was the one who used vertical integration to control steel production.
Vertical integration involves:
- Owning all the companies in the supply chain of a good including the <u>producers to the retailers </u>
- Being able to reduce production costs as a single company owns the various stages of production
Andre Carnegie founded Carnegie Steel which he used to acquire the suppliers of steel all the way to the sellers.
This allowed him to control the steel industry as he could overcharge competitors for steel whilst maintaining lower prices for his company.
In conclusion, Andrew Carnegie was able to us vertical integration to control the steel industry in a monopolistic like manner.
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Answer:
B
Explanation:
They made it easier for consumers to spend money.
layaway plan is when a customer pay for an item progressively and is only allowed to collect the product or item after the finish paying for it. on the other hand, credit is a contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some date in the future, generally with interest.
