Lee was promoted to take command of the Army of Northern Virginia.
A. Unstable stock market bubbles can be one of the most dangerous threats to a country's economy.
B. Because of his inability to prevent the Great Depression, President Hoover is broadly considered an ineffective president.
C. The Great Depression was one of the greatest economic crises in American history and had far-reaching affects, even beyond U.S borders.
D. The Great Depression severely impacted the daily lives of all Americans, except the upper class who went on largely unscathed.
E. FRD's reforms helped bring about the end of the Great Depression and continue to shape American economic policies today.
F. Heavy federal involvement in the economy-as seen in the New Deal-is crucial to continued economic growth.
Because of his inability to prevent the Great Depression, President Hoover is broadly considered an ineffective president.
The Great Depression was one of the greatest economic crises in American history and had far-reaching affects, even beyond U.S borders.
Answers: Options B and C.
Explanation:
The Great Depression was one of the worst economic catastrophes in American history and a major disaster of the modern era. It was harrowing to experience. People were starving, even in the land of plenty.
It triggered political upheavals in Europe that had devastating consequences. And it was so persistent that it only yielded to another global tragedy: the Second World War.
Regulation in an economic system is the application of rules by the government or other administrative agencies backed by the use of penalties intended to support a competitive and growing economy. It can also aim at protecting the environment, plan an economy, and enrich connection of firms.
In certain sectors natural monopolies limit the prospects for effective competition and economic regulation is aimed at promoting effective competition where big and small companies have an opportunity for growth and consumers’ interests are protected.
