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:
The correct answer here is T: true.
Explanation:
Trait Theory, or Trait Perspective Theory, is in Psychology one of the many theories that have been proposed to study personality in humans. In essence, what this theory seeks to explain is what personality is and how it is composed. As such, they work on the basis of traits, defined as the behavioral and thought-process characteristics that are unique to the human personality and that explain the why and the how of human activities, responses and behavior. One of the many perspectives that has been theorized and researched in this theory, has given birth to the Big Five Personality traits, which in essence categorizes 5 possible character traits, or factor, in people that explain how they behave and act. Although there are many other such theories, as of today, most psychologists accept the Big Five personality trait model as the most accurate to be able to understand personality in people.
Computerized fingers print . useful evidence
Answer:
A.
Explanation:
Caste is "the system of dividing society into hereditary classes."
The correct answer is Onward Movement function of JRSOI
Explanation: Onward Movement is the process of moving and maintaining reception and packaging facilities or other operational areas. It is defined as the process of transferring forces, capabilities, and materiel from marshalling areas to tactical assembly areas and operational areas. One of the most important area of the JRSOI.
