After the Chinese Communist party came to power in 1948, Mao quickly began reforms to remove aspects of capitalism from the country.
He took aggressive measures against former land owning aristocracy and made sure all major economic aspects would be controlled by the government.
He wanted to develop a class-less society where everyone was equal, as a worker, both male and female.
For many years, everyone wore the same kind of clothes, drove bicycles and hardly anyone owned a car.
While, his achievements are both arguable and controversial, for a time, he did manage to create a complete socialist/<span>egalitarian society, albeit with a powerful political elite in the form of a communist party.</span> <span />
ok so this may be the answer for me . Surviving banks, unsure of the economic situation and concerned for their own as it is used in the second paragraph, the word hope this help please don't delete this trying to help
By increasing prices, minimizing lay-offs, keeping wage rates at normal levels. Increased prices would (supposedly) satisfy employees and business owners.
