History, 07.02.2021 20:10 faithclark0
Match the vocabulary word with its meaning.
1. capitalism
2. socialism
an economic system where all
business is controlled by people who
share equally in the profits
all the knowledge and values
shared by a society
an economic system based on
private ownership and competition
motivated by profit
1
a strong sense of love and devotion
3. nationalism
4. culture
toward a nation.
5. diversity
variety in a group such as gender,
ethnicity, and economics
a religious movement based on a
literal interpretation of a doctrine
6. fundamentalism
Answers: 2
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During the 1920s, the federal reserve increased the money supply and kept interest rates very low, encouraging consumer spending and the brisk borrowing of money. business investment and the expansion of businesses grew rapidly during the 1920 to meet the needs of this huge consumer spending. however, during the crash of 1929, the federal reserve reversed its expansionary monetary policy and cut off the money supply by almost 30%, causing banks to not have enough currency on hand when depositors wanted their hard-earned money. after reading the prompt, what can you surmise happened next that contributed to the great depression? a) black tuesday b) collapse of banks c) high unemployment d) election of franklin d. roosevelt
Answers: 2
Match the vocabulary word with its meaning.
1. capitalism
2. socialism
an economic syst...
2. socialism
an economic syst...
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