This economic system is called<em> socialism.</em>
Socialism is an economic system where everyone in the society equally owns the factors of production. The ownership as such is in the hands of the<em> government</em> that controls all means of production and distribution of goods.
The factors of production are : land, labor, capital and entrepreneurship.
In a socialistic economy, the land is owned by the state and private property is limited and difficult to obtain. Labor is heavily regulated and most people are employed in state-owned companies. Workers do not have many rights and they have to obey the government which also decides what is being produced and in which capacity ( planned economy ).
Socialism does not reward people for being entrepreneurial and competitive as competition is no existing and everybody reaps the same benefits of their work.
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Small farmers were impacted by reconstruction because the reconstruction messed up their crops and messed up their financial status.
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on July 26, 1948, he issued an executive order abolishing segregation in the armed forces and ordering full integration of all the services. Executive Order 9981 stated that “there shall be equality of treatment and opportunity for all persons in the armed forces without regard to race, color, religion, or national origin.” The order also established an advisory committee to examine the rules, practices, and procedures of the armed services and recommend ways to make desegregation a reality. There was considerable resistance to the executive order from the military, but by the end of the Korean conflict, almost all the military was integrated.
It allowed the american settlers into the indian territory
