Tuesday, April 30, 2019
Discuss two segments of the economy in a critical stage of collapse Assignment
Discuss two segments of the economy in a critical stage of collapse when Roosevelt assumed office and his administrations attempts to strengthen them - Assignment ExampleThis move decreed that banks could only be opened under the supervision of the treasury. Federal loans would also be visible(prenominal) if needed. In a month, following the enactment of the act, hoarded gold and currency flowed back into the country hence, the banking sector change (Heinemann, 1983). The government also eliminated the gold standard, thus, use of gold as a legal tender ended. Everyone was compulsory to exchange all their gold pieces for the US dollars.According to Roosevelt, prosperity of the country was heavily dependent on prosperity in the agriculture sector. Therefore, several acts were enacted to ensure that this sector was able to compete favorably. The Agriculture version Act was enacted to ensure that commodity prices would be raised through artificial scarcity (Heinemann, 1983). The tea m trusty for enforcing this act employed a technique whereby the total output for each commodity was set. Land owners were gainful subsidies to leave some of their land idle this was in an effort to ensure that farm prices went up. In essence, slight was to be produced so that the wholesale price would increase. Many Americans opposed this act since the prices of commodities increased as the sodbusters income increased significantly (Heinemann,
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