The problem with the Great Depression of 1929 and the subsequent years
was that actually government did nothing to intervene. President Herbert
Hoover believed that government should interfere and that the market
will balance itself out. That is one of the reasons that President
Roosevelt won with a landslide with his promise of the New Deal.
In
2008 the government took a much active role in combating the Great
Recession. For example, the government even bailed out some banks that
were in trouble as well as provided emergency help. They also proposed
and passed many laws that would help prevent this kind of situation in
the future.
Well, if we are going to be entirely correct, Christopher Columbus never discovered America, but rather the Vikings did and he landed in Cuba, not mainland America. Anywho, he landed in 1492 with his three ships, the Nina, the Pinta, and the Santa Maria.
It was electricity that was being invented causing the extended number of hours in a day permitting Americans to work and even play. Electricity powers companies, industries, manufacturing plants down to the most basic unit, the homes, schools, appliances, gadgets and the likes. It was said that electricity has been invented by an American inventor named as Thomas Alba Edison however, there are a lot of arguments saying that it was not Edison who first discovered electricity. The electricity has become a vital part of the lives and business of all the people in the world.
