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.
Answer:
1. At the beginning of the cold war, the main powers (the United States and the USSR) had political, economic and arms competition.
2. After the defeat of Germany, the eastern part was controlled by the USSR, which was socialist. And the other Great Britain, France and the United States, capitalist.
3. Due to the great destruction caused by the war in Europe, the United States offers benefits to help the countries affected by the war financially, in exchange for interest. The deaths that this war caused are approximately 60,000,000 deaths among civilians and soldiers.
4. The defeat of Germany made many of its citizens go to other countries because they were persecuted.
I hope it helps you = v
Well, from that time period till now there have been health advancements to prevent HIV and protection such as a condom is now the trend of safe sex .
Unemployment had risen, leaving stocks in great excess of their real value. Among the other causes of the eventual market collapse were low wages, the proliferation of debt, a struggling agricultural sector and an excess of large bank loans that could not be liquidated.
