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We can see from this that it is crucial to avoid making the same errors that South Africa did by exhausting its gold reserves as a consequence of the gold rush that caused the depletion of gold.
This is further explained below.
<h3>What is scarcity?</h3>
Generally, The underlying reality that there are only finite quantities of both human and nonhuman resources that can be used by the finest technological knowledge to generate only finite maximum amounts of any economic good is what is meant by scarcity as an economic term.
In conclusion, South Africa is the world's biggest producer of gold, chromium, and platinum, illustrating scarcity and the decisions any community must make about exploiting resources.
They require restrictions to prevent overusing their natural resources.
The inquiry asks how other nations may learn from South Africa's gold depletion in the 1900s. We can see that it's crucial not to make the same errors South Africa did by emptying their gold stockpiles during the gold rush.
Read more about scarcity
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Answer:
What major reasons would define the development of EU?
Explanation:
What major reasons would define the development of EU?
The European Union is set up with the aim of ending the frequent and bloody wars between neighbours, which culminated in the Second World War. As of 1950, the European Coal and Steel Community begins to unite European countries economically and politically in order to secure lasting peace.
Answer:
Present Roosevelt teamed up with a group of advisors who were called the "Brains Trust," among them Raymond Moley, Rexford Guy Tugwell, and Adolph A. Berle, Jr. They were a group of academic advisors who helped FDR to develop many of the social programs that were part of the New Deal.
Explanation:
Moley, Tugwell, and Berle were academics who helped FDR (President from 1933-1945) to develop New Deal programs that regulated the banks and the sale of stocks. They also implemented large public works projects like the Grand Coulee Dam on the Columbia River.
Moley was a professor of government and law and he argued that a flat tax was necessary on a specific amount of salary in order to rebuild the economy after the stock market crash that caused the Great Depression in 1929 (Leuchtenburg, 1995). Tugwell was recruited by Moley and he designed the administration's agricultural policy that tried to fix the imbalance between wages and prices. However, Berle was more hesitant about the planned economy idea and was more about a larger federal role in balancing the economy.
(1954) Brown v.s. Board of Education
