It grew exponentially in this period because in the aftermath of the second world war, there was a baby boom as a result of numerous young couples created by high amounts of returning soldiers.
power lies with the center government
Answer:
is there a passage so I can help
every time I looked for the passage it said not found
The correct answer is B) The Federal Reserve:
Since the beginning of the crisis in August 2007, central banks have shown a great capacity for reaction. They have also acted both to avoid a systemic banking crisis and to limit the impact on growth. In addition, the US Federal Reserve eased monetary policy by injecting liquidity and, eventually, acting on interest rates.
Banks are traditionally financed by borrowing money in the short term in the interbank market. But the financial crisis that began in 2007 has been characterized by a great mutual distrust among banks, which led to an increase in interbank rates. Interbank rates far exceeded the central bank's guide rate. In addition, central banks have intervened massively to inject liquidity, hoping to reduce money market tensions and restore confidence. The monetary policy has also been characterized by an extension of the duration of the loans, an extension of the guarantees and the possibility of obtaining refinancing.
In addition to providing liquidity, in order to reduce the impact of the financial crisis on growth, the Fed has lowered its guideline considerably, which has gone from 6% at the beginning of 2007 to 0.5% at the end of 2008. On the other hand, the ECB has not lowered its guideline type.
After the World War II, America as a nation stopped
producing gunnery and bombs and resorted in creating peaceful industrial
employments. The American economy have grown that labor force grew from 60
million to 111 million on year 1948 to 1982 and grew from 58 million to 99
million.
