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STALIN [3.7K]
3 years ago
13

Why did many Americans criticize the Troubled Asset Relief Program?

History
2 answers:
timurjin [86]3 years ago
8 0
The main reason why many Americans criticized the Troubled Asset Relief Program was because they thought it was unfair to bail out the irresponsible banks
marusya05 [52]3 years ago
6 0

Many Americans criticized the Troubled Asset Relief Program (TARP) because it helped those who had caused the financial crisis.

The Troubled Asset Relief Program (TARP) was authorized by Congress in October, 2008.  It initially set aside $700 billion for use in government intervention; that amount was then reduced to $475 billion in 2010 by the Dodd-Frank Wall Street Reform and Consumer  Protection Act (Dodd-Frank Act for short).   The US Treasury Department "established several programs under TARP to help stabilize the U.S. financial system, restart economic growth, and prevent avoidable foreclosures" (US Department of the Treasury information).  The biggest chunks of money went to the banking industry ($250 billion) and to the American International Group (AIG), a multinational finance and insurance corporation ($70 billion).  These banking and finance groups were the ones largely responsible for the crisis in economic markets. But because they were considered "too big to fail," the government bailed them out.  The US automotive industry also received bailout funds ($82 billion).  About $46 billion was set aside for programs to help homeowners avoid bank  foreclosure on their homes, but that was seen as small help compared to the huge aid granted to the companies and industries that had created the crisis in housing and economic markets.

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How did the Marshall Plan impact the European economy in the post World War II era? (10 points)
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Answer:

El Plan Marshall —oficialmente llamado European Recovery Program (ERP)— fue una iniciativa de Estados Unidos para ayudar a Europa Occidental, en la que los estadounidenses dieron ayudas económicas por valor de unos 12 000 millones de dólares de la época1​ para la reconstrucción de aquellos países de Europa devastados tras la Segunda Guerra Mundial. El plan estuvo en funcionamiento durante cuatro años desde 1948.

Tras seis años de guerra, buena parte de Europa estaba devastada y millones de personas habían muerto o quedado lisiadas. Los combates se habían producido prácticamente por todas partes, abarcando un área mucho más grande que la que había sido afectada durante la Primera Guerra Mundial. A causa de los bombardeos aéreos, la mayor parte de las ciudades estaban muy dañadas, en especial las áreas industriales que habían sido los objetivos principales de dichos bombardeos. Berlín y Varsovia eran montañas de escombros, y Londres y Róterdam habían quedado muy perjudicadas. La estructura económica del continente había quedado en nada y millones de personas se encontraban en la indigencia. Aun cuando el episodio de hambre holandesa de 1944 se pudo resolver, la devastación general de la agricultura provocó una oleada de hambre en toda Europa, agravada por el duro invierno de 1946-1947 en el noreste del continente. También estaban destruidas las infraestructuras como, por ejemplo, las vías férreas, los puentes y las carreteras, que habían sido objetivo principal de los bombardeos aéreos, y muchos barcos de carga habían sido hundidos. Los municipios más pequeños no habían sufrido tanto los destrozos de la guerra, pero la carencia de redes de transporte los había dejado prácticamente aislados tanto física como económicamente.

Tras la Primera Guerra Mundial, la economía europea también había quedado muy dañada, y la profunda recesión económica duró hasta bien entrados los años 1920, con la inestabilidad y la bajada generalizada de precios que esto conllevó a la economía global. Los Estados Unidos, pese a un resurgimiento del aislacionismo, habían procurado ayudar al crecimiento europeo, sobre todo mediante la colaboración de los grandes bancos estadounidenses. Cuando Alemania no pudo pagar las reparaciones de guerra, los estadounidenses también contribuyeron ampliando los préstamos que Alemania había solicitado, una deuda que a los estadounidenses todavía no les había sido resarcida cuando entraron en la Segunda Guerra Mundial en 1941.

Explanation:

espero que sea de ayuda

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