Answer:
Family background and skills.
Explanation:
People in the British colonies in north America were divided into slaves and masters.
What determined whether one was to be a slave or a master was their family background.
The placement of labor also was done based on skills one had, some were placed in the cotton farms and others in many other different areas.
The living conditions for slaves and masters also was different.
Answer:
Explanation:
Effectual Demand, can be explained as the demand followed up with at least just the right willingness to pay to bring the products or services demanded into the market.
Simply wanting a product is not enough to create an effectual demand for it because Effectual demand is shows the extent to which the income of the buyers, his perceptions and needs can be combined to result in an actual purchase and not just the mere desire to purchase.
Answer: The unobservable market force that helps the demand and supply of goods in a free market to reach equilibrium automatically is the invisible hand. ... He assumed that an economy can work well in a free market scenario where everyone will work for his/her own interest.
Explanation:
Answer:
The correct answers are C, <em>calling for immediate federal funding to support financial institutions troubled by bank runs</em> and D, <em>creating a series of federal programs to provide employment on public works</em>.
Explanation:
Republican President Herbert Hoover (1874-1964) firmly believed the government should not intervene in the economic field. Because of this his administration only actively fought the economical crisis in early 1932, when unemployment was around 23%.
During that year Hoover's administration got Congress to approve the creation of the Reconstruction Finance Corporation (RFC), an institution to financially support states' governments and financial institutions. RFC saved a few banks but not enough to ease the crisis.
In mid-1932 Hoover signed the Emergency Relief and Construction Act that liberated public funds for public works to provide employment.
Options A, B and E are wrong:
When the government worked on the housing field for low-income individuals it was not through tax cuts; (A)
it did not urge private agencies to organize relief efforts, only to not cut wages during the beginning of the crisis; (B)
on the contrary, Hoover established a moratorium on foreign debts related to World War I (1914-1918) to stop the European crisis caused by the American crisis aiming to help both economies. (E)
This was known as the "iron curtain." It was a term used to describe the boundary in Europe, which formed at the end of WWII and lasted until the ending of the Cold War.
