I think you mean "moral diplomacy" and it encouraged non-democratic and <span>oppressive governments to become more democratic, it also condemned imperialism.</span>
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Southern states such as South Carolina contended that the tariff was unconstitutional and were opposed to the newer protectionist tariffs, as they would have to pay, but Northern states favored them because they helped strengthen their industrial-based economy.
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Hope this helps!
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The beginning of the Great Depression in the United States is considered to be August 1929, when the industrial production index reached its peak. At that time, money was tightly tied to gold reserves, which limited the money supply. At the same time, production grew. At the turn of the century, new types of goods such as cars, planes, radios appeared. The number of goods in mass and by assortment has increased many times. As a result of the limited money supply and the growth of the commodity supply, strong deflation arose - a fall in prices, which caused financial instability, the bankruptcy of many enterprises, and loan defaults. A powerful multiplier effect has hit even growing industries.
From the standpoint of monetarism, the US Federal Reserve monetary policy triggered the crisis. A sharp decline in money supply by one third between August 1929 and March 1933 was a huge brake on the economy, and was the result of the incompetence of the Fed leadership.
This period was characterized, on the one hand, by very powerful technical changes, and on the other, by the abundance of capital, which allowed both updating capital and expanding stock exchange operations, as a result of which the speculative “bubble” increased.
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<h2><u>5</u><u> </u><u>Reasons</u><u> for</u><u> </u><u>Free </u><u>&</u><u> </u><u>Fair </u><u>Elections</u><u> </u><u>:</u><u>-</u></h2>
- Elections should be free & fair so that everyone can choose their own representative.
- Parties and candidates should be free to contest elections and should offer some real choice to the voters.
- The candidate preferred by the people should get elected.
- Elections should be conducted in a free and fair manner where people can choose as they really wish.
- We need free & fair elections so that the losing party will understand their mistakes & try better for the citizens to get elected next time.
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