What has been the most significant contributing factor to the abolition of child labor? First, this topic refers to child labor in the 1800s, not today, in case you were confused. 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.” In the 1800s, child labor was not a bad thing. Children worked at factories  or farms or other places in order to earn money to help their family, because some families in the 1800s were not earning enough, so children had to work to earn extra money for the family. So what led to the abolition of child labor? 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.

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.” According to Wiley Online Library, “In 1920, Ludwig von Mises claimed that rational economic calculation could not occur in a complex, socialist economy. He argued that an economic system that lacked private property rights in capital goods prevented the emergence of prices based on relative scarcities.” In his mind, the socialist experiment, he thought could only lead to dictatorship and chaos.