Author: Obotu Agape Oguche

In a command economy (also known as a planned economy), the means of production are owned and controlled by the

What is liberal economics? This entails liberal views on the economy that supports the idea of an economic system being

The term classical liberalism is used to designate the philosophy advocating private property, a free market economy, the rule of

What is the difference between classical liberal vs neoliberal philosophy? Classical liberalism is a branch of liberalism that advocates laissez-faire

Liberalism is a political philosophy based on the rights of the individual, political equality, liberty, equality before the law, and

A country’s economic system defines its mechanism for the production, distribution, and allocation of resources, goods, and services. A socialist

What is a mixed economy? The majority of modern economies feature a mixture of two or more economic systems which

What is free market economy? This is an economic system whereby the supply and demand expressed by sellers and buyers

Free enterprise which is also known as a free market economy refers to business activities that are not regulated by

The European Industrial Revolution began in Great Britain in the 1700s; this was a time of significant innovation that led

During World War II, so many Americans were in the military, and there was an agricultural labor shortage in the

The industrial revolution was an era of major innovation and mechanization. As the industrial revolution years progressed, there were inventions

In July 1942, the Bracero Program (Mexican farm labor program) was established by an executive order issued by President Roosevelt.

The industrial age was a period of a cultural and economic shift from traditional agriculture, manual labor, and cottage industry

Was the Bracero program good or bad? The Bracero program (Mexican farm labor program) was an agreement that was signed

The Second Industrial Revolution was a period of immense industrial, economic and technological advancement that took place between the end

When did the Bracero Program start and end? During World War II, the U.S. sought labor from millions of Mexicans,