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Supporting the banks helps the rest of the economy. Plus, with the banks afraid of risk and lacking cash, banks have little capacity to lend money. Without those loans, the pace of growth in the global economy slows substantially, and may even go into reverse.
George Washington who was also a founding father
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He learned how mistakes can make u a better person
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Their timing was good: not only was the Cold War nearly over, but Japan's enormous trade surpluses were becoming a cause of great concern in the United States. For these critics, Japan's success came from its adversarial trade policies and powerful industrial cartels.Economy. Europe was the first of the major world regions to develop a modern economy based on commercial agriculture, industrial development, and the provision of specialized services. ... Europe's economic modernization began with a marked improvement in agricultural output in the 17th century, particularly in England.Japan's Postwar Miracle
The devastated Japanese economy rose quickly from the ashes of World War II. By 1956, real per capita GDP had overtaken the prewar 1940 level. During the recovery period (1945–56), per capita GDP rose at an average annual rate of 7.1%. Recovery was followed by the era of rapid growth era.
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