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Lena [83]
3 years ago
13

Why did the federal reserve raise reserve requirements in 1937?

History
1 answer:
Fofino [41]3 years ago
3 0

Answer:

1939, Marriner Eccles asserted that the “too rapid withdrawal of the government’s stimulus…accompanied by other important factors…[led to the] rapid deflation in the fall of 1937, which continued until the present spending program of the government was begun last summer” (Federal Reserve Bank of St. Louis 1939). The acceptance of this viewpoint among high-ranking officials

Explanation:

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The term "privatization" refers to the process that implies moving services or similar from public or government to the private section. This implies services formerly provided by the government are transferred to private businesses that are in charge of providing the same services. This occurs in sectors such as education or prison management in which the state decides to pay to private companies or entities to provide services that are in charge of the government. This term is the opposite of "nationalization" in which private services or sector become public. Considering this, the one that occurs when private businesses are allowed to supply services that government provided is privatization.

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