An argument can be made for both decades as having a greater impact on the development of US society. Viewing both decades in comparison to US society in 2017, it could be said that the 1920s was more impactful, in the sense that the US in 2017 looks a lot more like 1927 than 1937.
In the 1920s, the country was a war-weary nation that was in the process of turning inward, figuring out its identity following a costly war which didn't directly affect Americans. The result was the election of a questionably qualified Republican president who said that a return to normalcy, to the America of old, was what the nation needed. He pursued heavier tariffs and policies that would withdraw America from the world stage.
The nation was enjoying a soaring stock market setting all time records on a near daily basis. There was a great deal of inequality, and in the absence of a cohesive national vision/identity, people turned to false idols of status, partying, and conspicuous opulence to find meaning and fulfillment. Many illegal drugs, such as marijuana and alcohol at the time, were consumed openly and in large quantities despite their illegality.
Everything written above could be said of the United States in 2017. Let's hope that the parallels do not continue into the 9th year of the decade, when an epic stock market crash led to over a decade of economic disaster in the United States.
Not sure if this is an answer choice but it would be Signal
Let me know if this is the correct answer and if you have any other questions that need to be answered.
Answer:
1. They must establish state-owned businesses.
2. They must establish a fair labour market.
5. They must open up trade to other countries.
Explanation:
The economic system which is combination of traditional, command and market economies is called mixed economy. It suffers from few disadvantages while it has the benefits of all three economies. Protection of private property, allowing the market and law of demand and supply to determine the prices and Being driven by the self interest of individuals. U.S.A, U.K and India are some examples of Mixed economy as in these countries government and the private sector perform economic activities.
So, if a country wants to transition to mixed economy then it must establish state- owned businesses, establish a fair labour market and open trade with other countries.<em> Establishing state owned business and fair labour market is a characteristic of command economy while opening trade with other countries is feature or capitalist economy.</em>
