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zavuch27 [327]
3 years ago
5

Name and explain two of the reasons the congressional committee identified for the recent financial crisis?

History
1 answer:
blagie [28]3 years ago
8 0
The 2008 recession/financial crises one of the worst of its kind in a generation. Major economies including the United States and the UK suffered a period of recession, consistent low-growth, rising unemployment and many businesses closing down.

A 10-member committee called the Financial Crisis Inquiry Commission was setup by the US government to study the causes of the recession, in the hopes that a future similar crisis could be prevented.

In 2011, the committee released their findings and pointed out the two major reasons for the crisis:

1. The basic reason for the crises as the Collapse of the housing market.

2. Which in turn was fueled by toxic mortgages, low-interest and easy credit available to everyone and minimal regulation.

The report also pointed out vast problems of corporate governance, lack of government will and unpreparedness.

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What is the belief about government expressed in the beginning of the Declaration of Independence ?
Olin [163]

Answer:

This part sets out important ideas about government. It says that “all men are created equal.” And they have “unalienable rights,” rights that no one may take away. These rights are “life, liberty, and the pursuit of happiness.” It says that governments are set up to protect these rights.

5 0
2 years ago
Which claim is not defensible?
sukhopar [10]
All of these are defensible. Of course debt rises in war, and decreasing taxes will benefit an economy where taxes are no longer needed (post-scarcity.) Political and geographical boundaries are outmoded and a world without them is not only possible but existed for much of early human civilization. As for the government, a government would run more efficiently when everyone is in basic agreement with what to do and how.

I would question your teacher on this. Anyone can defend these perspectives...
3 0
3 years ago
What were some ways political machines hurt cities?
Thepotemich [5.8K]

"People without ability or experience became officials" is some way political machines hurt cities.

<u>Explanation:</u>

A political machine is a collective where an influential leader or small group commands the resources of a supporter and business community that earns incentives for their actions. This success is based on the manager or group's ability to get out the vote on election day for their representatives.

In the late 19th century, many machines emerged throughout towns to serve U.S. immigrants who regarded machines as a means for political conquest. Often, political patronage may involve exchanging money for political assistance.

3 0
3 years ago
Read 2 more answers
What did the first industrial revolution and the second industrial revolution have in common
Sholpan [36]
The simularity between the two industrial revolutions is that they both involved an increase in the degree to which machines were being used to do tasks that had once been done in other ways
4 0
3 years ago
Arrange the events in chronological order.
astra-53 [7]
<span>Charles II took the English throne.
</span><span>James II took the English throne.
</span><span>James II proclaimed religious tolerance without consulting Parliament.
</span><span>William of Orange came to England
</span>Parliament passed the Bill of Rights

Charles II was James' brother and he ruled before Cromwell's republic. When it ended, James II inherited the throne and became the ruler. He fought the parliament and proclaimed religious tolerance. People called William to invade because it was a mostly protestant country and James supported Catholics. William came and after that he passed the Bill of Rights.



3 0
3 years ago
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