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The person who has been known up until today as the "father of modern economics" is Adam Smith. A thinker and philosopher from Scotland, born in 1723 and died in 1790, Adam Smith was given this important title because of his ideas and theories on laissez-fair and the tendency of free markets to regulate themselves by way of competition, supply, demand and self-interest. He wrote several books where he proposed his economic ideas, among which we have: The Theory of Moral Sentiments, where he expresses this ideal of a hidden hand, which means the capacity of markets to autoregulate and An Inquiry into the Nature and Causes of the Wealth of Nations. He was also the proponent of the theory of compensating wage differentials, which states that jobs that are riskier pay much better wages to workers because of the risk they represent, versus jobs that offer little to no risk. He is also known as the father of Capitalism.
Answer:
Transformation of Japan from a third world society to a first world leader in technology took just 40 years. ... Japan's island geography, a centralised government, investment in education and a sense of nationalism were all factors that allowed Japan to modernize in under half a century. please give brainliest
Explanation:
The correct answer to this open question is the following.
Although there are no options attached we can say the following.
The three steps that FDR took "in the Government's reconstruction of our financial and economic fabric" were the following.
First, President Franklin D. Roosevelt issued a proclamation to have a national bank holiday, to initiate the financial reconstriction of the economic fabric of the United States.
The second step was the confirmation of the US Congress of that bank holiday proclamation and increase the powers of the President to lift the bank restriction as things were progressing
The third step was the regulations authorizing the US banks to function again and to start cooperate distributing food, supporting in housing necessities, and the payment of payrolls to help the American poor people who were in deep need.
As soon as he assumed the US Presidency, Franklin D. Roosevelt was very interested in helping the millions of citizens that had lost their jobs after the US stock market crash of October 29, 1929, an event that represented the beginning of the Great Depression.
