What is the problem that Ludwig von Mises identified that a socialist economic planning board faces? According to Wikipedia, “Ludwig Heinrich Edler von Mises was an Austrian–American Austrian School economist, historian, logician, and sociologist. Mises wrote and lectured extensively on the societal contributions of classical liberalism and the power of consumers.” Mises believed that rational economic calculation wasn’t able to occur in a socialist economy. He thought that this could only lead to chaos and disaster. 

What has been the most significant contributing factor to the abolition of child labor? According to History Channel, “Through the first half of the 1800s, child labor was an essential part of the agricultural and handicraft economy of the United States. Children worked on family farms and as indentured servants for others. To learn a trade, boys often began their apprenticeships between the ages of ten and fourteen.” This child labor wasn’t necessarily a bad thing. A lot of families couldn’t make enough money so their children got jobs to help their parents. So what led to it getting abolished? According to History Channel, “Nineteenth century reformers and labor organizers sought to restrict child labor and improve working conditions to uplift the masses, but it took the Great Depression—a time when Americans were desperate for employment—to shake long-held practices of child labor in the United States.“