In 1932, America suffered greatly during the Great Depression. The President at the time, Herbert Hoover, promised many reforms and improvements that would help everyone get back onto their feet. Those promises were broken as Hoover did little to pull America out of the Depression. As a result, Hoover wasn't really well liked, during and after the depression. When the elections of 1932 came around, Hoover decided to run again, but Americans went and voted for Roosevelt, who actually did something to help during the depression.
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Answer:
Market economies utilize private ownership as the means of production and voluntary exchanges/contracts. In a command economy, governments own the factors of production such as land, capital, and resources. Most nations operate largely as a command or market economy but all include aspects of the other.
Explanation:
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