There were strong nationalist feelings in the Philippines.<span>
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C. Low wages is your answer :))))
If the value of the dollar falls, the United States can afford fewer goods and services from other countries, This decreases in the exchange value of the American dollar affect the ability of the United States to trade with other nation.
<u>Explanation:</u>
- When the US government makes their trade and supply they will create a demand for their products and dollars. While people are buying goods from their market their dollar rate will increases.
- If their product was not on high demand automatically the dollar value will go down. When the dollar value goes down the import of the country will make difficult.
- They need to import with a high amount when compared to the period of high demand in dollars or else they will import in less quantity.
"... the chief business of the American people is business." he once said.
Coolidge followed a laissez-faire economic policy, whereby the government doesn't interfere in the national economy unless absolutely necessary, and even then its actions should be limited to gentle nudges to get the economy back on track rather than large scale intervention.
So, Coolidge's attitude toward business was 'if it's not broken, don't fix it' - leave business alone to prosper.
