The reason that the U.S economy change in the 1980s is because of Reagan's economic policy. In early 1980s, Reagan imposed various economic tax cut for the people , thinking that it would be good, but the government faced various financial problems instead and America went to recession in 1982
Answer:
The correct answer is letter b: went through numerous boom-and-bust cycles.
Explanation:
Throughout the XVII and XVIII centuries the tobacco economy of the Chesapeake region experienced continuing cycles of prosperity and depression, the <em>“boom-and-bust”</em>. Tobacco at first dominated the economy, and in order to produce this commodity Virginia adopted slave labor; by 1700, the state was importing huge numbers of slaves to provide the labor required to plant and harvest the tobacco leaves, this way the plantations owners were able to increase their fortune by selling it to other countries. For long tobacco was a very used source of income; however this practice led to soil depletion, the removal of nutrients due to improper extractive practices. As a result the production dropped and the state suffered economically. The war also contributed to eliminate most of Virginia’s trading fleet, for example.
I think C. will be the right choice!
Answer:
When the Soviet Union's oil and gas revenue dropped dramatically, the USSR began to lose its hold on Eastern Europe. Meanwhile, Gorbachev's reforms were slow to bear fruit and did more to hasten the collapse of the Soviet Union than to help it. ... On December 25, Gorbachev resigned as leader of the USSR.
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