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ludmilkaskok [199]
3 years ago
12

What happened to the gold standard in 1933?

Social Studies
1 answer:
MrMuchimi3 years ago
3 0
The US currency went off the gold standard.

The Great Depression was causing people to hoard gold. So using gold to back the dollar was no longer feasible because gold was untenable. Franklin Roosevelt made the decision to take the US off of gold.
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Government regulations on credit aim to
weqwewe [10]

Answer:

Correct answer here is: Support those borrowing credit.

Explanation:

The attempt by governments all over the world, and especially in the United States, to regulate credit and the lending of money by financial institutions to individuals began in earnest during the 1960´s, and in the U.S, this became real with the passing of the Consumer Credit Protection Act, of 1968. However, never before was credit lending more controlled and protected than after the crisis of 2008, when the world almost faced a recession so severe, that it made experts believe the world was headed for a new Great Depression. The reason for this crisis was the immense mortgage bubble that was created, especially in the U.S, and the imminent scenario of financial institutions lending credit to people at really high risks, without employment, and without any backups. There was no control over these credits and both individuals and financial institutions embarked on a circle of lending and debt that led several of these institutions to bankruptcy. Because of this, in 2010, a new consumer protection act was passed to seek financial stability. With it, and for the first time, the U.S government took severe regulatory measures and put financial institutions under control, in order to protect consumers and prevent institutions from lending without certain limitations.

8 0
3 years ago
Read 2 more answers
As umayyad rule gave way to abbasid rule, who tended to lose the most rights
stealth61 [152]
Women was tended to lose the most rights
3 0
3 years ago
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Write any two advantages of develop-<br>ment of Nepal​
Leviafan [203]

Answer:

Any 2 advantages of development of nepal are as follows

Explanation:

  1. development development work becomes sustainable.
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2 years ago
What Would life be like in our country today if your founding fathers only slightly patched and amended the articles of confeder
Black_prince [1.1K]

<u>Answer:</u>

<em>Life would be totally different if the Confederate articles were amended. There would be no central government.</em> The articles of confederation were first adopted in 1777.

It went into full effect in 1781 however, it didn’t last long. The Confederation articles were finally restored by the <em>Constitution of the United States on the 4th of March, 1789. </em>

Every state would have their own militias. Each state would be independent and could not be delegated to Congress.

They could not regulate taxes or commerce. <em>These were a few of the reasons the articles of confederation could not last long</em>.

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3 years ago
Why might several successive civilizations develop in a certain area?
Setler [38]
Because a person might have done something and then the rest of the people followed because the found that it would help benefit them
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