He thought the economy would do better by finding efficiency and wealth through the "Invisible Hand" of the market. He felt that government intervention weakened the economy. He also thought that the government would set up a system where businesses would start to band together to try to extract favors from the government, thus, the businesses would work together and not compete, which would make their product prices raise, and their product value and quality fall.
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The Agricultural Adjustment Act (AAA) was signed into law by President Franklin Roosevelt on May 12, 1933 [1]. Among the law's goals were limiting crop production, reducing stock numbers, and refinancing mortgages with terms more favorab
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Friday, July 31, 2020
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A United States foreign policy doctrine, adopted by Franklin D. Roosevelt in 1933, designed to improve relations with Latin America. A reaction to the exploitative dollar diplomacy of the early 1900s, the Good Neighbor policy encouraged interaction between the United States and Latin America as equals.
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