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:
Punitive
Explanation:
There is nothing like punitive alimony, the purpose of alimony is not punitive, rather, it is to support the spouse after separation. Four major types of alimony are; periodic alimony, lump sum alimony, rehabilitative alimony, and reimbursement alimony.
Lump Sum Alimony is awarded as a fixed sum that can be paid all at once or in installments and temporary alimony is an order for support that comes during a divorce, legal separation or even an annulment case after one party has filed such a request with the court.
Constitution is a very long and detailed document . Therefore it needs to be amended quite regularly to keep it updated. The constitution described the institutional amendments in a very legal language. The basic institutional design is not very difficult to understand . Like any constitution Indian constitution lays down a procedure for choosing persons to govern the country. It defines who will have how much power to take decisions. And it puts limits to what government can do by providing some rights,
Answer:
b) electrons jump onto or off the neutral ball when a charged object comes close
Explanation:
What causes a pithball to move is when "electrons jump onto or off the neutral ball when a charged object comes close".
The pithball electroscope is actually used to test if a body is charged or not. When a charged body is brought near the pithball, the ball moves. The movement of that charged body reveal that there are electrons it is carrying.
The pithball can actually be charged. It is charged by touching a charged object to it. This leads to some of the charges on the surface of the charged object moving to the surface of the ball. The pith-ball electroscope was invented by John Canton, a British schoolmaster and physicist in 1754.
Answer:
This is an example of embodied cognition.
Explanation:
Embodied cognition refers to the idea that the body can influence cognition, that is, the mental processes of thinking, knowing, judging, etc. According to your mother, the other person's judgment of you can be influenced by the bodily senses of taste and smell, for instance. A hot drink and the smell of cookies will certainly cause the person's body to feel good, comfortable. That will, in its turn, influence the person's mind, making him feel welcomed, happy. Consequently, that could influence that person's judgment of you.
