By devaluing the Bolivar, the president of Venezuela has artificially decreased the value of the national currency.
What this does it make it more expensive to buy US dollars. In the last 2-3 years, there has been a flight of billion of US dollars out of Venezuela due to the economic disaster looming in the country.
By making it more expensive to buy US Dollars, the President of Venezuela is hoping to decrease the flight of money from the country and protect local reserves.
To what extent this actually works, we will have to see. In many developed countries or countries with a healthy economy, such a strategy might work. However, in the case of Venezuela, the economy is so bad, that even the devaluation of the Bolivar might not help solve much.
Alfred Smith attacked Roosevelt for giving the Federal government too little control over business, and accused him of trying to establish a socialistic economic system.
I hope this helps!
T<span>he British </span>colonists<span> in North </span>America<span> aided Great Britain in their </span>struggle<span> against </span>France<span> in the </span>French<span> and Indian War. Since most of the Native </span>American<span> tribes sided with the </span>French<span> in this </span>struggle<span>, it was important for </span>colonists<span> to help the British defend their North </span>American colonies<span>.</span>
The correct answer is B.
<u>This is part of a radio speech delivered by President Roosevelt in December 1940</u> (this was the second year in WWII, and the US was still neutral in the conflict).
He aimed to convince the audience about the necessity of ensuring a safe defense strategy for Great Britain, so that they were able to avoid the German invasion and resist the many attacks they were suffering.
Apart from the ideological fight against nazism, Roosevelt highlighted how if GB fell, the last territory in the Atlantic, before reaching the US, would have been conquered. That would pose a direct threat on the US. <u>Therefore, he supported the idea that GB should remain free at any cost. </u>
Answer:
Threatened by Serbian ambition in the tumultuous Balkans region of Europe, Austria-Hungary determined that the proper response to the assassinations was to prepare for a possible military invasion of Serbia.