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natita [175]
3 years ago
9

Tell me how the 2008 recession was similar to and different from the Great Depression

History
1 answer:
Katarina [22]3 years ago
4 0

<span>Both the Great Depression and the 2008 recession were characterized  by a massive run up in asset prices followed by an incredible deflationary pressure sent both debt and equity markets into chaos.</span>

The difference is that the Federal Reserve did little to save the economy during the Great Depression whereas the recession of 2008 was marked by massive bailouts.

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Standing committees are the permanent committees in Congress.<br>True or False​
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3 fourths of the over 500000 lakes in Europe are found where?
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Which of these scenarios would be considered illegal in light of the provisions of the 13th Amendment?
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Read your textbook's “Sources from the Past” section on Christopher Columbus’ first impressions of American peoples. Answer the
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Answer:

The question refers to Colombus' impressions of peoples and land. The answer is:

Colombus believed that it would be very easy to convince people to convert to Christianity. He also believed that the natives would be easily forced to serve the interests of the crown and claimed that the land had great economic potential and could be exploited.

Explanation:

Upon arriving in the American continent, Colombus was impressed by the size of the place and the number of natives that already occupied these lands. He saw great economic potential in the American territory for the Spanish crown and was quick to write about his discoveries.

He claimed that the territory was extensive, with a large number of trees, fruits and animals that could be exploited and generate great wealth for the Spanish crown. In addition, he predicted that this exploitation would have a small economic expense, since it would be possible to conquer and enslave the natives, forcing them to work towards Spanish objectives. He also said that these peoples would be easily converted to Christianity, calling for exploitation to be cursed.

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