Once in office, FDR set to work immediately. His "New Deal," it turned out, involved regulation and reform of the banking system, massive government spending to "prime the pump" by restarting the economy and putting people back to work, and the creation of a social services network to support those who had fallen on hard times.
Between 8 March and 16 June, in what later became known as the "First Hundred Days," Congress followed Roosevelt's lead by passing an incredible fifteen separate bills which, together, formed the basis of the New Deal. Several of the programs created during those three and a half months are still around in the federal government today. Some of Roosevelt's most notable actions during the Hundred Days were:
<span><span>A national bank holiday: The day after his inauguration, FDR declared a "bank holiday," closing all banks in the country to prevent a collapse of the banking system. With the banks closed, Roosevelt took measures to restore the public's confidence in the financial systems; when the banks reopened a week later, the panic was over.22</span><span>Ending the gold standard: To avoid deflation, FDR quickly suspended the gold standard.23 This meant that U.S. dollars no longer had to be backed up by gold reserves, which also meant that the government could print—and spend—more money to "prime the pump" of the economy.</span><span>Glass-Steagall Act: The Glass-Steagall Act imposed regulations on the banking industry that guided it for over fifty years, until it was repealed in 1999.24 The law separated commercial from investment banking, forced banks to get out of the business of financial investment, banned the use of bank deposits in speculation.25 It also created the FDIC[link to "FDIC" passage below]. The effect of the law was to give greater stability to the banking system.</span><span>FDIC: The Federal Deposit Insurance Commission backed all bank deposits up to $2500, meaning that most bank customers no longer had to worry that a bank failure would wipe out their life savings.26The agency continues to insure American deposits today.</span></span>
Answer:
Option: An imperial eunuch who was put in charge of Chinese voyages into the Indian Ocean
Explanation:
Zheng He is known to be a great Chinese explorer and trader who helped China in getting power over the Indian Ocean in the 15th century. He became fleet commander under Ming Dynasty. He went to several expeditions and opened trading connection with South Asia, modern-day Indian, Sri Lanka, Java, and Sumatra.
Learning and the arts florist supported by the thriving Gupta economy - Gupta artisans produced goods sold locally and as far away as the middle east and southeast Asia
Andrew Carnegie was the one who used vertical integration to control steel production.
Vertical integration involves:
- Owning all the companies in the supply chain of a good including the <u>producers to the retailers </u>
- Being able to reduce production costs as a single company owns the various stages of production
Andre Carnegie founded Carnegie Steel which he used to acquire the suppliers of steel all the way to the sellers.
This allowed him to control the steel industry as he could overcharge competitors for steel whilst maintaining lower prices for his company.
In conclusion, Andrew Carnegie was able to us vertical integration to control the steel industry in a monopolistic like manner.
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Mercantilism is really the idea that trade generates wealth, so i would have to say 3. establishment of subsistence agriculture
