B.) The difference between the current value of a house and what the buyer paid for it.
Answer:
it allowed new economic gains but caused falls but built up our nation and allowed it to be the great nation it is now
Marx’s Theory of Social Change analyzes the social classes and class conflicts.
The Marxist view of social change is appealing to some because it:permits people to seize control of the historical process and gain their freedom from injustice.
<span>According Marx the class struggle is the driving force of social change. </span>
<u>Answer:</u>
<em>Proper use of monetary policy positively affects economic stability. </em>
<u>Explanation:</u><u>
</u>
Monetary policy generally aims to achieve economic growth and stability. Monetary policy is very important to keep a check on the economy and prevent inflation. <em>It was after the economic crisis in the US brought about by the Second World War, the importance of monetary policy was realised. </em>
Formulation of monetary policy is the function of Federal Reserve System or Fed which is the country’s central bank. Instruments used by Fed to <em>control the supply of money are open market operations, discount rates and reserve requirements.
</em>
Fed buys and sells government securities in open market operations. Discount rate is the rate at which money is lent to commercial banks. Fed changes this discount rate according to the state of the economy. <em>When the monetary policy is formulated properly economic stability can be achieved. </em>
American business pioneer Eliza Pinckney
(1722–1793) single-handedly launched the indigo industry in
pre-Revolutionary era South Carolina. Determined to make the highly
prized tropical crop flourish in the Carolina soil, Pinckney carried out
several experimental plantings in the early 1740s.
These plantings finally yielded enough new seeds to make the plant, used
in the textile industry for its distinctive a deep-blue dye, a viable
crop in the region. Within a decade, South Carolina planters were
exporting thousands of pounds of it annually, and the crop became a
staple of the Southern economy.
