Communism is a socio economic system that stands for a class less, state less and an egalitarian society. Fascism is an ideology that tries to bring together radical and authoritarian nationalism.
Fascism became popular between 1919 and 1945 and the term has become an epithet for all bad things. Fascism originally referred to the Fascists under Benito Mussolini. Communism became popular after the Bolshevik Revolution of Russia in 1917. The Communist Manifesto by Karl Marx and Friedrich Engels is considered to be the bible of communism. The authoritative document of Fascism is “The Doctrine of Fascism.
Communism stands for a stateless society where all are equal. No one is rich or poor in a communist system. In Communism, it is the community that holds the production and the major resources. On the other hand, Fascism pertains to state and it considers state on top of everything. In fascism the state is all embracing. For the fascists, no human values exist outside the state. Fascism believes that everything is within the State and nothing is above the State or outside the State or against the State. Fascism believes in nationalism (includes economic nationalism), corporatism (includes economic planning), militarism and totalitarianism (dictatorship and social interventionism).
The correct answer is A) He declared a bank holiday and developed a ranking system for banks.
When President Franklin D. Roosevelt took over, thousands of banks across the US already shut down because they ran out of money. To fix this problem, FDR declared a bank holiday. This means that all banks in the US would be closed for a four day period. During that period, the federal government would go over the records of several different banks to learn more about why they failed. From there, Roosevelt ranked the banks so that the federal government could keep a close eye on the banks that made bad decisions during the 1920's and early 1930's.
