It gave the government the power to try to raise farm prices by setting production quotas and paying farmers to plant less food.- Seemed ridiculous to hungry Americans to pay farmers to not provide food and only property owning farmers actually saw the benefits of the Act (particularly affected African Americans poorly).- Supreme Court struck down the Act in U.S. vs Butler due to direct government intervention in economy
<u>Answer:</u>
The economic philosophy that Andrew Carnegie is referring to in this quote is capitalism.
<u>Explanation:</u>
It is clear from the terms used and the process described in the quote that the philosophy Andrew Carnegie is referring to is none other than capitalism. It is because Carnegie is speaking about 'competition' which according to him is beneficial in the growth.
The term 'material development' also clarifies that the quote is in the praise of capitalism. Moreover, Andrew Carnegie was himself a capitalist.
FDR believed in a "hands on" approach to help solve the Great Depression. He favored federal government activity and the New Deal enacted laws that influenced society on a daily basis on the part of the federal government. Hoover believed in a balanced budget and not pumping government money into the economy.
Answer:
Explanation: My crush is Michael B. Jordan.
