Answer:
Innovation, local focus, and free thinking.
Explanation:
<u>Innovation</u>
Entrepreneurs use businesses to create products and services that solve problems in innovative ways. Their products and services must be functional, and they must be designed to be cost-effective and to appeal to enough people to make it viable to produce the products.
<u>Local Focus</u>
When entrepreneurs start successful businesses, they create jobs that contribute to widespread prosperity. Their successful businesses create jobs, and those jobs pay neighborhood workers, who in turn, reinvest their paychecks in local economies.
<u>Free Thinking</u>
Entrepreneurs think outside the box. This capacity for free thinking helps avert cultural homogeneity, which might occur if everyone worked for the same large businesses and who shared the same values.
Answer:
Explanation:
The most impactful part of the Columbian Exchange was the bringing of slaves from Africa to the Americas. This trade brought about many civil rights arguments that are still just as prevalent today.
Which program did President Kennedy establish to help other nations?
The author included the information about 1920 and 1925 because that was the time the U.S economy expanded rapidly, The Roaring Twenties. Until 1925 there wasn’t legal requirement to separate the operations of commercial and investment banks, the investment banking was consisted of <em>JP Morgan & Co, Kuhn, Loeb & Co, Brown Brothers and Kindder, Peabody & Co</em>. Their funds could be used to fund the underwriting business of the investment baking side.
In 1929 everyone was putting their savings into stocks, not only the wealth part but the poor part too and because of that the stock market reached the peak in August 1929. But than the production declined causing unemployment and with that the stock prices were much higher than their actual value. The economy was struggling, the debt was rising and the banks had and excess of large loans that couldn’t be liquidated.
In the 1930s over 9,000 banks failed because people didn’t trusted them to put their saving. The Great Depression the official unemployment rate was 25% and the stock marked declined 75% since 1929. But in 1933 now with Rooselvet’s administration he took immediate action about the economic woes first announcing that all banks would close, Bank Holiday. The Congress would pass reform legislation and reopen the banks. In “<em>first 100 days</em>” Roosevelt’s administration stabilized the industrial and agricultural production and created jobs and also created the Federal Deposit Insurance Corporation (FDIC) to protect depositors’ accounts and the Securities and Exchange Commission (SEC) to regulate the stock market and prevent what happened in 1929.
The big change between the crises in the 20s and 30s were all about who was in charge, President Hebert Hoover didn’t take much lead about the crises but Roosevelt did.
