False.
Woodrow Wilson was reelected in 1916, becoming the first Democrat to serve two consecutive terms since Andrew Jackson.
So after the Bank Holidays, in which all banks were shut down, he come up with a plan that would insure the money will be there for them, which was cause by the creation of Federal Deposit Act, along with the Glass-Steagall Act in 1933
Explanation:
American culture is about independence. While with other cultures lIke Chinese culture, they strive to work together to be the best. Privacy, and equality is also very important to most Americans. We strive to achieve our goals and are future oriented, always worrying about the future.
A market economy has several aspects that characterize it. It is very rare that all of these aspects are realized completely.
1) In this type of economy the government doesn't intervene.
2) Resources are privately owned. Goods and services are given by the individuals.
3) There has to be freedom of choice to buy and sell whatever the people want. Freedom of enterprise to start any business you want.
4) Every entrepreneur sees for himself and looks to maximize their profit. They act on self interest.
5) Competition is very important for a market economy to work. <u>In theory</u>, when there's competition the market will regulate itself preventing price and power abuses and guaranteeing the best price for the costumer.
<span>Helped people to have better lifes
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