The 2008 recession/financial crises one of the worst of its kind in a generation. Major economies including the United States and the UK suffered a period of recession, consistent low-growth, rising unemployment and many businesses closing down.
A 10-member committee called the Financial Crisis Inquiry Commission was setup by the US government to study the causes of the recession, in the hopes that a future similar crisis could be prevented.
In 2011, the committee released their findings and pointed out the two major reasons for the crisis:
1. The basic reason for the crises as the Collapse of the housing market.
2. Which in turn was fueled by toxic mortgages, low-interest and easy credit available to everyone and minimal regulation.
The report also pointed out vast problems of corporate governance, lack of government will and unpreparedness.
It was mainly "the automobile industry used the substance to power cars and trucks," that was <span>boosted by oil being extracted here, since gasoline is derived from oil. </span>
In the Federal Government thought, the Indian appropriations act would work as a peace plan avoiding a violent encounter between American white people and Indians once the Americans started to extend their lands to the western part of the country (The plains), this act let the Indian people to move to protected reserves through funds assigned by the government.
Answer:
established that all of humanity would be guarded by an international legal shield and that even a head of state would be held criminally responsible and punished for aggression and crimes against humanity
