Franklin Roosevelt was the president who fundamentally changed the role of the president and ushered in a new era of governance.
He was President of the United States from March 1933 to April 1945, the longest term in American history. He may have done more to influence American culture and politics over those twelve years than any of his predecessors in the White House, save Abraham Lincoln.
Of course, some of this was due to events beyond FDR's control, such as the Great Depression and the emergence of Germany and Japan. However, his solutions to the problems he encountered cemented his place in American history.
Americans voted for Roosevelt in 1932 because they felt he could handle the Depression more successfully than his Republican opponent, President Herbert Hoover. Roosevelt promised a "new deal," and he delivered on it. FDR was able to pull the United States back from the edge of economic, social, and maybe even political disaster by enacting a number of creative programmes that laid the groundwork for future stability and prosperity.
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The government wanted to weaken Native Americans so white settlers could migrate easier. Native Americans needed bison for their hides and sustenance. They also believed bison were sacred animals. Reducing bison weakened Native Americans in numerous ways. They were then forced to move from their locations to reservations so they could survive. The destruction of the bison was also the government's way to control the Native Americans.
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The intersection between the upward sloping function (the supply curve) and the downward sloping function (the demand curve) is the equilibrium price of the market, the point at which the wishes of consumers and suppliers meet.
The graph described should be like the one attached. The example includes the demand and supply curves and the equilibrium price of a market of agricultural products.
When the economic authorities set a minimum price (also called price floor), above the equilibrium price there is a situation of excess supply.
- Producers are willing to produce a larger quantity in the price floor scenario, as they will earn a higher price per unit commercialized.
- Consumers are willing to consume a smaller amount of product units at a more expensive prices.
The wishes of producers and consumers do not meet in the price floor situation, the quantity supplied is larger than the quantity demanded and therefore there is an excess supply.