The declarations of the letter to the U.S. Congress by the economists concerning the bailouts are evidently specified the disagreement of the source of the letter about the GM bailout. The document stated that the bailout would disrupt the notion of free market in U.S. and that it will break the people who held in the free market (Velasquez, 2012). Also, the bailout and government interference will shift the free market economy into socialism (ibid). The economists and other parties which is convoluted in the making of the letter, sustained the free market economy. They do not approve on government interruption as it disrupts the mechanism of the market that is free of any interference particularly from the government. The sources of the letter thought that it was GM’s own accountability to bail itself out of the insolvency. The bankruptcy was a consequence of bad management of the company and it was its own accountability to resolve the matter. The interference by the government will move the market mechanism. The bailout will disturb the equal right of the people of life, freedom, and possessions as what John Locke’s notion. Furthermore, government meddling will also lower the public’s safety based on Adam Smith’s theory.
He served from <span>March 4, 1933 – April 12, 1945. Three years is a term and he was President for 12 years, so he served 4 terms straight, the longest a president has ever done.</span>
British law made it a punishable crime to possess salt not bought from the English factories.
While the Indians were ruled by the British, they were not allowed to posses salt any other than the one produced and procured by the English. The indians were forbidden by law to not own such or process their own salt. People who did this illegally were caught and beaten down for breaking this law.
The Empire gained territory but became more unstable
Answer:
After a decade of unprecedented boom in the U.S., known as the “Roaring Twenties”, the US economy had run out of steam. ... The Great Depression spread rapidly from the US to Europe and the rest of the world as a result of the close interconnection between the United States and European economies after World War I.
Explanation:
try to put it in your own words if possible
