A centrally planned economy opposes individual choice in comparison to a market economy.
In a centrally planned economy, a government entity decides how resources within a society will be distributed. For example, in a perfect centrally planned society, all families with 4 members in the household would receive the exact same products.
However, in a market economy, individuals make decisions for themselves regarding what resources they want/need to purchase. This market economy is based more on the capital (money) that individuals possess.
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There are three main reasons why the Spanish were able to conquer and colonize the Americas: Disease. ... While conquistadors like Hernan Cortes in Mexico and Francisco Pizarro had great weapons and strategies, their greatest ally was disease. Better weaponry.
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The Gilded Age saw rapid economic and industrial growth, driven by technical advances in transportation and manufacturing, and causing an expansion of personal wealth, philanthropy, and immigration. Politics during this time not only experienced corruption, but also increased participation:
Hoover did not handle the Bonus Army well.
The Bonus Army was a group of 43 thousand protestors - WWI veterans and their families - who gathered in Washington DC to demand payment for their service certificates.
President Hoover did not attempt to negotiate with the protestors, first, he ordered to have them removed from government’s property and later he ordered to the Army to clear the marcher’s campsite.
To do so, infantry and cavalry was used and additionally, six tanks.
Public opinion on Hoover’s actions was strong, newspapers and newsreels - that were popular at the time - showed images of the violence perpetrated on soldiers and their families. This was considered one of the strongest factors that influenced his lost at elections to Roosevelt.
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<em>One goal of repealing the 18th Amendment (Prohibition) was to tap into the huge potential tax stream to help pull the United States out of the Great Depression. Adopted into the Constitution in 1919, the 18th Amendment banned the sale and consumption of alcohol, effectively ushering in the era known as Prohibition.</em>
