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:
This demonstrates the broad consensus supporting American political culture.
<h3>
What is American political culture?</h3>
- The various European nations that colonized the Americas beginning in the 15th century influenced the political culture of the United States.
- European settlers began emigrating to Colonial America during the colonial era of American history, influencing the political culture of each region in which they settled.
- After the American Revolution and the establishment of the United States as an independent country, these influences continued to play a significant role in American politics.
- No third parties have ever gained a significant following by challenging American notions of individual liberty and equality.
- This demonstrates the widespread support for American political culture.
- Popular authors have discovered similar schisms in American political culture.
- Joel Garreau identified nine "rival regional cultures," while Colin Woodard identified eleven.
Therefore, this demonstrates the broad consensus supporting American political culture.
Know more about political cultures here:
brainly.com/question/1576032
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Answer: The author of this imagined quote most likely would agree with the following statement: Confederation is the worst form of government because it does not give enough authority to the national leaders.
Explanation: In a confederation the power lies with states and its leaders which can lead to chaos and weakness in the federal government’s control of individual states. This weakened federal system can result in low state-run military defense systems necessary to protect citizens as a whole.
Answer:
I think that the most acceptable answer is the C)Pedagogies
Explanation:
The reason being is because, education just is the process of receiving or giving systematic instruction which is not relevant to the question asked as is human capital which is the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country which has nothing to do with the comparison of the opposing examples, and all that apprenticeship is just the position in a company. I hope this helps !
Answer: the part of the map that tells the distance is the scale.
Explanation:
I hope this helps.!
