On May 10, 1869, at Promontory Point, Utah, workers drove a spike that linked two rail lines, one snaking from the East, the other from California, completing America's first transcontinental railroad. This event helped launch an era of economic development that would transform a Jeffersonian society of yeoman farmers into an industrial powerhouse.
The Telecommunications Act of 1996 is the first major overhaul of telecommunications law in almost 62 years. The goal of this new law is to let anyone enter any communications business -- to let any communications business compete in any market against any other
Ending slavery eliminated the south’s complete dependence on outside sources of labor
Answer:
C) It introduced some mild capitalist reforms to the new country while keeping other socialist programs.
Explanation:
The "New Economic Policy" was implemented by <em>Vladimir Lenin </em>in<em> 1921. </em>It was meant to serve as a<u> temporary economic system </u>that subjected <u>capitalism and free market to the control of the state. </u>
Lenin imposed the policy in order to increase the production in the country because people will be more motivated. It introduced some mild capitalist reforms. This allowed the country to<u> refrain from focusing on extreme capitalization</u>.
For Lenin, social realization will only be preconditioned once capitalism will become fully matured.
So, this explains the answer.
As a result of the cuts President Ford made to government spending, unemployment <u>increased.</u>
At the beginning of his term (1974), Gerald Ford wanted to deal with the high rate of inflation by cutting the government's spending and increasing taxes. However, the Congress opposed completely to this idea and proposed the opposite instead. Ford ended up agreeing to the Congress' plan, which passed a tax cut of more than $22 billion but raised spending on government programs in March 1975.
The measures taken did slow inflation, but the unemployment rate increased to nearly 9 percent, which resulted in an economic recession.
