smelting a piece of iron on which heated metal is beaten in shaps
F.D.R. has been renowned as having been one of our best Presidents, in part, due to his creation of many federal programs designed to help Americans survive the harshness of the great economic depression of the 1930s.
His slew of economic relief programs, later termed "alphabet soup," had many acronyms, hence the nickname. One if the most important of these, still in use today, is the S.S.A. or the social security administration. Social security is still in use today, and our individual SSNs have become a primary form of identification.
Those that describe the effects of scarcity are:
- B<span>usinesses can only make a limited number of goods and services.
- </span><span>Not everyone's needs are met.
- Using scarce resources today means having fewer tomorrow.
Having scarcer materials does not mean that people have limited wants, but that people get less of what they want. </span>
One of the main reasons why government officials allowed monopolies to operate without strong regulations during the gilded age was because <em>"</em><span><em>They believed monopolies were the most successful way for businesses to make a profit"</em> and because many legislators were corrupted. </span>
