The man is probably homeless. The Great Deoression was not caused by reckless spending, it was actually the opposite. Americans were so fearful of losing money, they stopped trusting banks. Banks closed due to bankruptcy and money in circulation decreased. Americans did not want to spend money so employees were cut when companies overproduced. Many could not mortgages and became homeless - because they saved their money instead of spending it
Rationing, Propaganda, and then patriotism
The correct answer to this open question is the following.
Industrialization transformed American life in the late 19th century as nothing had before. This industrial change transformed the life of the American people. Technology changed farming and many farmers decided to move from the rural areas of the United States to the larger cities where the large factories where located. Those new fabrics were offering many jobs to operate the new machines. Although those were low paid jobs, they represented a relief to the difficult conditions on many Americans.
Important businessmen such as Andrew Carnegie and John D. Rockefeller created huge companies in the steel industry and oil industry, respectively. Although they invested a lot of money to create successful companies, during the Gilded Age those companies were accused of monopolistic practices.
Some options would have helped to answer this question perfectly. As no options are available in the question, so it has to be answered from knowledge or by research. I hope the answer helps you. The banking group benefited the most from the economic reforms in China. The farmers also benefited.
Answer:
A command economy.
Explanation:
an economy in which production, investment, prices, and incomes are determined centrally by a government.
