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In What Way Was Reconstruction Policy a Success

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In what way was Reconstruction policy a success?


Definitions:

Expected Return

The average of the probability distribution of possible returns for an investment, symbolizing its anticipated profitability.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values.

Mean-Variance Criterion

An investment principle where portfolios are selected based on their expected returns (mean) and the variability of those returns (variance), aiming to optimize the trade-off between risk and return.

Expected Return

The average return on an investment anticipated over a specified period based on historical or estimated future performance.

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