Answer
the internet
Explanation:
I just searched up your question on the web and a bunch of images popped up!
Answer:
What made the Great Depression "Great" was the government response. Constant changes the regulatory environment, tax increases, massive deficits, and failure to let the market correct paralyzed the economy in its depressed state for 15 years.
Both were caused primarily by an over expansion of credit rooted in loose money supply. The monetary response to the current recession has been different. Rather than tightening to force the market to bottom, the Fed has maintained low rates in an effort to re-inflate the bubble conditions. Hoover/Bush & FDR/Obama responses are similar as all tried to spend their way out of the problem.
1929 crash:
After WWI, Britain reset the pound to the pre-WWI level even though their money supply had far exceeded pre-WWI levels. In an effort to slow the flight of gold from Britain, the US federal reserve (led by Benjamin Strong) lowered interest rates. As always, artificially low interest rates caused massive distortions in asset values. Money flowed into the stock market and people who would not normally have been stockholders bought stocks in place of other investments that would have yielded better interest rates absent fed policy. Margin was used excessively because the real cost of leveraging was distorted by fed interest rate policy.
The fed continually lowered interest rates all the way into 1929. When the bubble popped, they tightened policy and raised rates. This contributed the deflationary spiral; however, the deflationary spiral could not have been as severe without the loose policy during the bubble.
2008 crash:
Beginning in the early 1990s, the federal reserve (led by Alan Greenspan) lowered rates while monitoring consumer prices as indicators of inflation. They ignored bubbles in the stock market directly caused by their inflationary monetary policy. When the stock bubble popped, they lowered rates further and pushed misdirected investment towards other assets - most commonly housing.
After the attacks of 9/11/2001, the fed pushed rates to 0 (long term rates were effectively negative and continue to be).
Explanation:
Answer:
well because port city is good for business
Explanation:
Answer:
in announcing a 4.6 percent rate in December, Edwards said, “Louisiana’s economy continues to improve, and we are making tremendous progress in putting our people back to work."
Industrialization is not only an engine for employment, wealth and technical skill, but an engine for the development of technology. Modern conveniences, medical advances, changes in lifestyle, education, popular living locations, transportation development, machination - all of these are examples of how industrialization has contributed to widespread and large scale changes to how people live, and how well they live.
It is also probably the single greatest factor for the enlargement of and migration to the cities. Take the explosion in the US population in the North after 1865, for example, as a direct result of rapid industrial development.
