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A system in which the government owns and operates major businesses and controls other parts of the economy?
The discredited system of communism owned the means of production (factories and farms) and distribution (roads, rails, airlines). Since the Soviet Union collapsed in 1989, with China, Vietnam, Poland, and other eastern-bloc and Asian countries discovering their economies were more effective in a free-market system, only N. Korea and Cuba continue to follow communist economic doctrine - and both countries remain in economic chaos and disarray.
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How were political movements in Algeria both successful and damaging to the country following World War 2?
They succeeded in overthrowing the French colonial government, but failed to establish a strong economy.
What did most wartime mobilization agencies rely on to prepare the economy for war World War 1?
During World War 1, most wartime mobilization agencies relied on government intervention and regulation to prepare the economy for war. They implemented measures such as price controls, rationing, and production quotas to ensure the availability of essential goods for the war effort. Additionally, they encouraged increased industrial production and redirected resources toward military needs.
How did government mobilize the economy for the war effort World War 1?
Congress passed the War Revenue Act of 1917. The Government borrowed money to pay for the war.
How did the government try to control the economy at home?
During both World Wars, the United States government tried to control the economy at home by rationing certain items in the grocery stores, like sugar and butter. They also rationed gasoline. The people were also asked to donate metal items for recycling and to buy Savings Bonds to fund the war efforts.
Why do you think the US government offered the Marshall Plan to countries it had just defeated?
A healthy world economy is very good for the American economy. In addition, the end of WW II was also the beginning of the Cold War, and the US was already recruiting allies.
