Answer:
Mr. President, considering the fact that the welfare of the citizens is the government's primary responsibility and a huge financial breakdown such as the one the citizens have just experienced can have a devastating effect on the economy and impact negatively on your leadership, don't you think the poor affected citizens deserve some intervention from the government?
Explanation:
From the excerpt, it is clear that the financial crash in the United States Stock market was caused by the greed of investors. However, there were still some hardworking citizens who merely saved their hard-earned monies in the banks, but lost them when the banks closed up. Definitely, they deserved some help from the government.
President Hoover's belief that it was not the function of the government to regulate businesses was flawed as it would be wrong for the government to simply sit by and watch the economy crash.
Major weaknesses that appeared in the American economy is that the stock market crashed. This was because there was a rapid growth of bank credit and loans in the U.S. and also because Americans were encouraged that the stock market was a one-way bet.
Answer:
because he was a translator of buddhist scriptures.
Explanation:
Until the 1980s, American workers worked for foreign managers this aspect of globalization had not been the norm in the united states.
Globalization is a term that describes the increasing interdependence of the world's economies, cultures, and populations, brought about by the flow of goods and services, technology, investment, people, and information across borders.
Multinational corporations are concrete examples of globalization. According to filings with the U.S. Securities and Exchange Commission at the end of 2020, McDonald's has 39,198 fast food restaurants in 119 countries and territories. Airplanes are faster, more frequent, and often cheaper. Food is another factor of globalization. For example, Indian food is certainly not limited to India only.
Learn more about globalization here: brainly.com/question/1133228
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