Financial markets are needed to control the money supply, with a reasonably tight fiscal policy and credit policy, this lead China to create a bond market, offering bonds with attractive interest rates to soak up excess money that threatened to fuel inflation. ... Also trade unions were not given any corresponding freedom to act and that has also clearly contributed to this problem. ... China's state owned enterprises have been extremely inefficient and to continue operation, they need to be kept afloat by direct government subsidies and loans from the central bank. ... Also, these sta...

• Word Count: 2010
• Approx Pages: 8
• Grade Level: Undergraduate

This seemed to be a never-ending cycle for the farmers that eventually drove them to borrow from the railroad companies as well as banks, which predictably resulted in large debts for the farmers. ... Falling crop prices, high credit rates, and unscrupulous merchants and creditors left many croppers in debt after the harvest. ... They worked for legislation to protect immigrants from exploitation, limit the working hours of women, mandate schooling for children, recognize labor unions, and provide for industrial safety. ...

• Word Count: 2825
• Approx Pages: 11
• Grade Level: Undergraduate