Answer:
What made the Great Depression "Great" was the government response. Constant changes the regulatory environment, tax increases, massive deficits, and failure to let the market correct paralyzed the economy in its depressed state for 15 years.
Both were caused primarily by an over expansion of credit rooted in loose money supply. The monetary response to the current recession has been different. Rather than tightening to force the market to bottom, the Fed has maintained low rates in an effort to re-inflate the bubble conditions. Hoover/Bush & FDR/Obama responses are similar as all tried to spend their way out of the problem.
1929 crash:
After WWI, Britain reset the pound to the pre-WWI level even though their money supply had far exceeded pre-WWI levels. In an effort to slow the flight of gold from Britain, the US federal reserve (led by Benjamin Strong) lowered interest rates. As always, artificially low interest rates caused massive distortions in asset values. Money flowed into the stock market and people who would not normally have been stockholders bought stocks in place of other investments that would have yielded better interest rates absent fed policy. Margin was used excessively because the real cost of leveraging was distorted by fed interest rate policy.
The fed continually lowered interest rates all the way into 1929. When the bubble popped, they tightened policy and raised rates. This contributed the deflationary spiral; however, the deflationary spiral could not have been as severe without the loose policy during the bubble.
2008 crash:
Beginning in the early 1990s, the federal reserve (led by Alan Greenspan) lowered rates while monitoring consumer prices as indicators of inflation. They ignored bubbles in the stock market directly caused by their inflationary monetary policy. When the stock bubble popped, they lowered rates further and pushed misdirected investment towards other assets - most commonly housing.
After the attacks of 9/11/2001, the fed pushed rates to 0 (long term rates were effectively negative and continue to be).
Explanation:
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India's relationship with the other part of the world is very old.The oldest route is considered to be land route because the passes in the mountains which provided passage to ancient travellars but the ocean route restricted such things .due to this exchange of ideas,commodities have been made upanishads,ramayana,panchtanthra stories ,indian numerals,decimal system have been known in the other parts of the world trading of muslin,merchandise and spice too were there for the trade.in return india got greek sculpture ,dome style and minarates for west asia
Answer:
Explanation:
The term cultural region is used to divide a territory into smaller areas into ethnographic or regional groups. Cultural regions are also used for showing a territory where many peoples live that have similar cultural features. They use this information to analyze certain social or demographic variables to understand them as something common to more areas instead of just a situation of some region.
Answer: The constitution covers virtually all aspects that has to do with human relationship with each other and their environment.
Explanation:
The constitution covers virtually all aspects that has to do with human relationship with each other and their environment. The laws are fair to everyone although might not be used fairly but what is written within them addresses the situation for both those who are seen as majority and those who are seen as minority. Everyone has a fair share of what they need to do when considering the law and must either keep to it or face punishment or what's obtainable by the law or constitution.
