Answer: Economic imperialism is defined as the extension of economics to. topics that go beyond the classical scope of issues, which include. consumer choice, theory of the firm, (explicit) markets, macroeco- nomic activity, and the fields spawned directly by these areas.
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Many economists felt that the reparations demanded from Germany were excessive and counterproductive. Operating from the principle of permanently weakening Germany, France was particularly keen on punishing Germany and limiting its ability to wage war. This approach, however, backfired because reparations were so severe Germany plunged into economic chaos. This situation allowed for the rise of Adolf Hitler and planted the seeds for WWII.
As a result, he responded to the economic crisis with a goal of getting people back to work rather than directly granting relief. In October 1930, he established the President's Emergency Committee for Employment (later renamed the President's Organization for Unemployment Relief) to coordinate the efforts of local welfare agencies.
As the Great Depression worsened, however, charitable organizations were simply overwhelmed by the magnitude of the problem, and Hoover tried new ideas to stimulate the economy:
<span><span>The Reconstruction Finance Corporation (RFC) (1932) provided railroads, banks, and other financial institutions with money for loans.</span><span>The Glass-Steagall Act (1932) made getting commercial credit easier and released $750 million in gold reserves for additional business loans.</span><span>The Emergency Relief and Construction Act (1932) provided funds to the RFC to make loans for relief to the states and included additional money for local, state, and federal public works projects.</span></span>
Answer:
- Communism influenced his relationship with leaders from another country.
At that time, he used containment of communism as one of his main platform during his presidency.
The soviet union intended to spread its influence to countries in South America. They did this by constructing several missiles on Caribbean which could possess a huge threat to united states. Kennedy managed to block this effort and dismantle all the missiles. This resulted in conflict between united states and the countries that located along that area.
- His effort to contain communism from spreading influence his government spending.
His administration had to invested a lot of money for providing troops to contain the spread of communism in various countries (most notably Vietnam )
