Was the New Deal a Success?
The Great Depression remains the worst economic crisis in the United States, a prolonged affair that saw widespread unemployment, businesses shut down, homes foreclosed, and American people starving.
Who Created the Cotton Gin?
A cotton gin is a mechanical device that separates seeds from cotton fibers. The word “gin” is an abbreviated form of the word “engine.”
Who Owns the Panama Canal?
The Panamanian government owns the Panama Canal. Panama has held control over the canal in Central America since the end of 1999. Before that, the United States maintained the canal, although France had worked on the canal project as well.
What is a Market Economy, and How Does It Compare to a Planned Economy?
A market economy is one in which the laws of supply and demand direct the production and prices of goods and services, with little or no government interference. Absent a market economy, government’s can find themselves in a position to control industry, fix prices and rents, or own land.
What is the Economic System in the United States?
The Economic System in the United States The Economic System in the United States is known as a mixed economy. This system combines elements of free market capitalism with government intervention. Some economists describe this system as a blend of capitalism and socialism. What Is A Mixed Economy? The United States economy operates with private […]