Well, its actually bit complicated but Ill get into one of the biggest issues.
So, 2008, seeing that youre in high school, you were most likely here to experience it. There was the huge economic collapse building up because houses were gaining worth.
Because of this, investors began to see a chance at making large sums of money by doing something that you would think would end up bad.
Giving loans to people with bad credit score to buy houses.
They knew these people were more likely to default on their loans, the investor would then by law own the house and because prices are rising, they know they are going to make a ton.
This kept building and building and the houses were being defaulted on constantly and overtaken.
Well, supply and demand. You have a ton of houses with people kicked out and the people that need houses are the people with bad credit score that were just kicked out.
So there was a need for housing, but only for people who could not afford it.
The pricing of housing plummeted and many investors who had on credit made the investment, had to declare bankruptcy.
This is obviously a more simple overview but it was so bad that the economy dipped down to its lowest point since the great depression. Government worked very hard to try and control the situation and contain it from causing the final economic collapse of society and right now, we are in an "okay" economy so it seems that the restrictions worked.
Government had to intervene in the free market because if they did not, the economy would collapse.
And just to add, by saying we are in an "okay" economy, thats an understatement. Its insane the amount of stuff we have compared to other countries.
You may think that if we chose a random person, he would kinda be like you. Well, turns out we are the minority in the world.
There are only around 43% of people with access to internet. People have easier access to phones than they do to clean water.
The economy is complex but I hope this peaked your interest in it
The ways that El Niño changes weather patterns around the world
<u>Answer:
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According to eNotes, over-processing is the organizational waste that refers to doing work that is unnecessary or undesired and is a waste of time and resources.
<u>Explanation:
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- When the financial gains that a particular work is going to dispense is not worth the time and resources that are being spent on it, the work can be deemed as over-processing waste.
- Hence, the term over-processing refers to the wastage of time, money, and other resources that are put in to get an output that is way too small as far as the input is concerned.
Impact. John Cabot had both a positive and a negative impact on both European and indigenous societies. ... But as for Cabot, he had not found any materials that could be of use but he did find land. This was not very pleasing to the King of England but he still allowed for more expedition
The correct answer is b) a growing spirit of democracy and equality between classes”
In “Democracy in America” by Alexis de Tocqueville in 1831, he said in the first phrases:
<em>“Amongst the novel objects that attracted my attention during my stay in the United States, nothing struck me more forcibly than the general equality of conditions. (…) The more I advanced in the study of American society, the more I perceived that the equality of conditions is the fundamental fact from which all others seem to be derived, and the central point at which all my observations constantly terminated.”</em>
