it helped convince U.S. leaders to send american troops to fight in Europe
The decline of agricultural economies. Hope this helps :)
About a nickel.
The oldest statistical data I can locate doesn't have information earlier than 1913, but in 1913 the average loaf of bread was shown at 5.6 cents. This was as reported in <em>Historical Statistics of the United States: Colonial Times to 1970 (volume 2),</em> as published by the <span>U.S. Department of Commerce.</span>
Or, as another example, the Denver post reported that in 1912 Hurlbut's--which was then a grocery store in Denver--advertised "<span>six loaves of 'homemade' bread for 25 cents," which would work out as a special price less than 5 cents per loaf for the store's bakery bread. (Source: "A Titanic Difference in the Cost of Living 100 Years Later, <em>The Denver Post, </em>March 16, 2012.)</span>
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.
