The Russians created a new communist government that aligned with the Central Powers instead.
Huey long is the major critic during the term of President Roosevelt when he advocated a series of polices under New Deal program and the purpose of this program was to combat depression.
Explanation:
Huey long was considered to be a major political threat to President Roosevelt and implementation of his policies.
Huey criticized that his policies simply taxed the rich and it had not done anything worth to the poor. Huey became governor of Louisiana and he intimidated many officials with his aggression and violence. With the help of his intimidation and threat, he succeeded in doing good to the people by laying roads and taking up the projects of huge factory constructions. Huey was also nick named to be the king fish and Roosevelt opined that he is a danger to America. Huey Long sought to violence to do good to the people.
He also allured the people of giving free education a personal home and a car as an election promise to the people which greatly attracted them. In this excerpt, Huey criticizes the National recovery administration(NRA) which is one of the prime policy of New deal programs advocated by Roosevelt to combat Economic depression. the terms of the NRA is so strict that people could not carry out a simple business of a shoe stand in America. This sis the major criticism raised by Huey long against Roosevelt' policies.
Here are the following effects of loose money and tight
money policies on the actions being listed.
A. A loose money policy
is usually implemented as an effort to encourage economic growth.
This can lead to inflation when uncontrolled. The effects are:
1. Borrowing becomes easy
2. Consumer buys more
3. Since more people are willing to buy,
businesses expand
4. Employment rate increases due to
expansion of businesses
5. Since more people are employed, thus
production also increases
B. A tight<span> money policy is a course of action to restrict spending
in an economy that is growing too quickly or to hold back inflation when it is
rising too fast. This can lead to recession when uncontrolled. The
effects are:</span>
1. Borrowing becomes difficult
2. Consumer buys less
3. Since people don’t have a lot of
money, business don’t expand
4. Unemployment rate increases due to businesses
slowing down
5. Production decreases
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