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Allied air forces mounted mass bombing raids over Germany to destroy cities and factories.
German V-1 and V-2 rockets killed many people and caused considerable damage to Great Britain.
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Answer:
Herbert Hoover earned the nickname "The Great Humanitarian" because he A) successfully managed the distribution of food to Allied nations throughout World War I. He was largely successful in handing out humanitarian aid in war-time Belgium. He wanted to make it his goal to feed all of Belgium during the war period and actually was able to do this, along with giving many Belgians clothes and cash which was well distributed among the population and never reached the hands of the Germans.
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Entrepreneurs independently choose the field of activity, suppliers, contractors, markets. They have the right to engage in pricing, implement their long-term plans, as well as freely dispose of their property and income. The consumer in such a system is also independent. He is guided only by his needs and understanding of the marginal utility of the good. A market economy tends to self-regulate through a market mechanism. The gradual establishment of a balance of supply and demand contributes to the formation of equilibrium prices within which industries operate.
The internal rivalry of companies has a positive impact on the economic system of the country as a whole. Competition contributes to the expansion of production, its automation, optimization, implementation of innovative technologies and approaches to creating economic benefits. It encourages manufacturers to create exactly those goods and services that consumers need. Market self-regulation takes place through competition. The gradual establishment of the equilibrium of the system leads to a natural reduction in the cost of production, which in turn increases the wealth of the population and its degree of satisfaction with respect to the goods offered by the market.
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