In a communist system, society shares all property equally (in common), the burdain of labour is shared as well as the profits thereof.
Pros and cons of Communism:
Pro's:
1. Unemployment rates can be drastically decreased.
2. All the basic needs of citizens are catered to
3. All class systems can be done away with
4. It can pave the way for a strong and safe country
5. Dictators are put in power
Con's
1. The general public can be kept in the dark regarding their leadership
2. It is an anti-ambition society
3. It can fuel poverty more than prevent it, mostly due to the lack of ambition
4. Corruption can be just as bad as in capitalism
5. The voice of the people are severely constrained.
The Panic of 1837 was a financial crisis in the United States that touched off a major recession that lasted until the mid-1840s. Profits, prices, and wages went down while unemployment went up. Pessimism abounded during the time. The panic had both domestic and foreign origins. Speculative lending practices in western states, a sharp decline in cotton prices, a collapsing land bubble, international specie flows, and restrictive lending policies in Great Britain were all to blame. On May 10, 1837, banks in New York City suspended specie payments, meaning that they would no longer redeem commercial paper in specie at full face value. Despite a brief recovery in 1838, the recession persisted for approximately seven years. Banks collapsed, businesses failed, prices declined, and thousands of workers lost their jobs. Unemployment may have been as high as 25% in some locales. The years 1837 to 1844 were, generally speaking, years of deflation in wages and prices. Hope this helps.
If Hitler hadn’t come into power this wouldn’t have happened because he was the person who spread harsh views about certain groups of people.
I hope this helps.
The common law system is based on tradition, precedent and custom.
<span>eorgia is located in the ___ region of the United States.</span>
