Answer:
Wage and price controls were initiated by the U.S. government in 1942, in order to help win World War II (1939–1945), and maintain the general quality of life on the home front. The mission of the OPA was to prevent profiteering and inflation as durable goods became scarcer in the United States because of the war.
During World War II, price controls were used in an attempt to control wartime inflation. The Franklin Roosevelt Administration instituted the OPA (Office of Price Administration). That agency was rather unpopular with business interests and was phased out as quickly as possible after peace had been restored.
Price controls can be both good and bad. They help make certain goods and services, such as food and housing, more affordable and within reach of consumers. They can also help corporations by eliminating monopolies and opening up the market to more competition.
Despite efforts of the National War Labor Board, the shortage of labor during World War II caused sharp increases in wages. Average hourly earnings of production and nonsupervisory workers in manufacturing more than doubled between 1940 and 1949, with the largest increases during the war years, 1940-44.
25 cents per hour
Administered by the Department of Labor, the Act set a minimum wage of 25 cents per hour and a maximum workweek of 40 hours (to be phased in by 1940) for most workers in manufacturing.
Answer:
The correct answer is A. Economic freedom.
Explanation:
The economic reforms in China were initiated in 1978 by the pragmatist wing of the Chinese Communist Party, led by Deng Xiaoping, and continue to this day. The reformers set themselves the goal of creating sufficient surplus value to finance the modernization of the Chinese economy, which was on the brink of disaster as a result of the failure of the Great Leap Forward policy and the aftermath of the voluntaristic decisions taken under Mao Zedong. The initial task of the reforms was to solve the problem of motivating workers and peasants and eliminate economic imbalances.
Economic reforms have led to massive economic growth and changed the fortunes of hundreds of millions of Chinese, as more than 850 million people have been lifted out of poverty. In the West, economic reforms in China have been perceived by many as a transition to capitalism.
the bulk of the stocks were held by a some rich or wealthy americans. by that time the first bank in the institution was the largest monied corporation in the world
The consumer goods may go to the troops instead of the citizens. For example, during World War II, citizens were encouraged to plant victory gardens- if more people grew their own vegetables, more canned goods could be given to soldiers.
