The problem with the Great Depression of 1929 and the subsequent years was that actually government did nothing to intervene. President Herbert Hoover believed that government should interfere and that the market will balance itself out. That is one of the reasons that President Roosevelt won with a landslide with his promise of the New Deal.
In 2008 the government took a much active role in combating the Great Recession. For example, the government even bailed out some banks that were in trouble as well as provided emergency help. They also proposed and passed many laws that would help prevent this kind of situation in the future.
Answer:
It is an important measure of the economy's overall health. The business cycle refers to the rise and fall of economic activity through periods of expansion and recession. ... Therefore, the GDP is the overall economic activity, and the business cycle is the ebbs and flows of the activity.
Explanation:
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Poverty and poor relief, especially in times of acute food shortages, were major challenges facing Virginia and Confederate authorities during the American Civil War (1861–1865). At first, most Confederates were confident that hunger would not be a problem for their nation.
Answer:
To meet demand for food for fighting troops
Explanation:
by planting more and increasing the production of livestock
Answer:
Distrust between the two countries grew.
Explanation:
Soviet-US relations were based on a complicated interplay of cultural, political, and economic factors that led to bitter superpower rivalry. The Soviet's reluctance to the Americans was because the U.S refused to recognize the USSR as a legitimate recognition at the international stage, as well as their late participation in the war that culminated in the deaths of millions of Russians. Americans had been suspicious of the communist ideology of the Soviet Union and worried about the impact of tyrannical rule in Soviet Russia over their own nation.
