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Vika [28.1K]
3 years ago
11

What was the defining moment that started the Panic of 1893? major corporate monopolies fell apart income tax rates were raised

across the board the closing of the Reading Railroad bank dividends came to an end for borrowers
History
2 answers:
telo118 [61]3 years ago
7 0

the closing of the Reading Railroad

Elodia [21]3 years ago
6 0
Income tax rates being raised across the board was the defining moment that started the panic of 1893
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The ideology of communism is a particular type of socialism (option b).

<h3>How are communism and socialism related?</h3>

Socialism and communism are two economic, political and social ideologies that stand out for proposing a broad participation of the state in all matters of life, the public nature of the means of production and the equitable distribution of profits.

However, these two ideologies have differences such as:

  • In socialism, the private sector is taken into account, while in communism the means of production belong solely to the state.
  • In socialism the harmonious coexistence of social classes is proposed, in communism the formation of a single proletarian class is proposed.
  • In socialism the harmonious coexistence with the capitalist model is considered, in communism the elimination of this model is proposed.
  • In socialism there are several political parties, in communism there should only be one political party.

Learn more about communism in: brainly.com/question/939028

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