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:
Improve society, change an aspect of the social structure. Bring about a total change in society. Produce radical change in individuals, based on spriritual or supernatural belief systems. Limited change in some aspect of people's behavior.
Explanation:
Among the choices cited, all of the above best suits the definition of defensive drivers. They anticipate road actions from other users, adjusts their position in order to prevent damage, and drives in the manner depending on the weather and road conditions.
Answer:
D. Primatology helps anthropologists decipher and untangle the origin of culture.
Explanation:
Jane Goodall is among the pioneers to research wild chimpanzee behavior in their native habitats. She began work in the Gombe Reserve (Tanzania) in the 1960s at the invitation of famed paleoanthropologist Louis Leakey, who wanted to find living models of social behavior that would help him think about the material he found at the African sites where he worked. One of Goodall's peculiarities was his lack of specialized academic training early in his career. Leakey was looking for someone who was very interested, but did not have the academic vices of psychology or biology. This configuration provided surprising discoveries about our close relatives, who revolutionized primatology and tended to profoundly affect anthropology.
With Goodall's research, it was possible to realize that primatology could help to decipher and unravel the origin of some cultures. For example, the "chimpanzee wars" recorded by Jane Goodall (1988) in Gombe became paradigmatic and were adopted as parameters for discussions of intra and extragroup conflicts based on the influence of evolutionary factors and social dynamics related to behaviors that result in serious injury or death. Goodall records with sadness and despair the split of a group from the refusal of some to accept the new alpha male. Then two groups of individuals are formed that know each other and in many cases are related. The researcher narrates the organization of armed patrols with clubs by the largest and original group that now patrols the borders of their territory in an Indian queue, and kills any dissident group members she encounters until no one is left.
In anthropological terms, primatology explains that the phenomena associated with the feeling of belonging to a certain group associated with the incorporation of the worldview of that same group, via socialization, is called ethnocentrism. Strangeness and even revulsion and the initiative for direct confrontation between human groups are also associated with ethnocentrism.
