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olga2289 [7]
3 years ago
8

How did high interest rates affect savings and loans in the 1980s

History
1 answer:
Rufina [12.5K]3 years ago
4 0
It was the failure of about 747 out of the 3,234 savings and loan associations in the United States .
 (Causes )
Tax Reform Act of 1986
Deregulation
Imprudent real estates lending
Brokered deposits
End of inflation
Major causes according to United States Leauge of Savings 
Institutions .
(Failures)
Home State Savings Bank of Cincinnati
Midwest Federal Savings & Loan of Minneapolis , Minnesota
Lincoln Savings and Loan
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____________________________________________________

Answer:

Your answer would be D). a period of scientific and philosophical development

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The age of Enlightenment was a period of scientific and philosophical development

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Definition:

Age of Enlightenment:

This was a period in time form the late 17th to the early 18th century. This primarily took place in Europe, but later went on to North America. The people that were participating in this were thinking that they were increasing human culture and intellect after the period of the dark Middle Ages.

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Explanation:

The reason why answer choice "D). a period of scientific and philosophical development" would be the correct answer is because this is the definition of what occurred during the Age of Enlightenment.

The age of Enlightenment is known for when most of the philosophers came and started to learn about the existence of humans, how the mind works, culture, languages, and values. This is pretty much a time where philosophers learned more about humans and the importance of humans. During the Age of Enlightenment, this would also be known as the "Century of Philosophy," meaning that this was the time where philosophy started to become big and skyrocket. Science was also another thing that blew up during the Age of Enlightenment, the amount of scientist started to increase. The other answer choices wouldn't be the right description for the Age of Enlightenment. This is the reason why this answer choice would be correct.

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Why the other answer choices would be incorrect:

The reason why answer choice "A). a period also known as the Age of Evolution" would be incorrect because:

During the Age of Enlightenment, people did not study how humans or other people have evolved over time. This is something that would be studied by someone else in another time. This is the reason why this answer choice would be incorrect.

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The reason why answer choice "C). the time period when most started to believe it was important to protect the natural environment" would be incorrect because:

People started to believe it was important to protect the natural environment later on after the Age of Enlightenment, This was a topic that was introduced during the time when humans were really polluting the earth, and that was during the industrial revolution. This is the reason why this answer choice would be incorrect.

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