A significant factor was the general recession in the years following the 2007 housing bubble popping. People lost jobs, were struggling to pay bills, and naturally it was not an ideal time to purchase a vehicle.
Another significant factor was the surge in oil prices that came with the economic crisis, and the increased costs that automobile manufacturers faced due to the credit crunch that also came with the crisis. Since a lot of US manufacturers at the time were selling big SUV's, such as Hummers, as their most profitable products, the steep fall in demand hurt the industry immensely. At the time, US auto manufactures didn't offer many fuel-efficient, inexpensive alternatives to choose from.
The government chose to bail out major US automotive companies, providing large loans in order to help them stay solvent and keep their stock price from tanking. The results were generally positive. Big auto-manufacturers, apart from a couple mergers, survived and were given time to adapt the new market for fuel-efficient, less expensive vehicles.
I would tell the Michigan Economic Council to adapt ahead and to urge companies to diversify their product line. A major factor that automotive manufacturers can definitely take the blame for is their over-reliance on the sales of expensive SUV's, when oil prices and general market trends suggested that the future was not with these vehicles.
Answer:
A
Explanation:
The ideology of imperialism is conquering other nations for one's benefit. Said conquests can be wars, but they can also be embargos and sanctions designed to cripple a nation's economy and force it into submission
Answer:
Puerto Rico, the Philippines, Guam
Explanation:
The Treaty of Paris (1898) officially ended the Spanish-American War. The United States acquired Guam, Puerto Rico, and the Philippines as territories. Cuba technically gained its independence, but United States soldiers remained in the country for years, commonly intervening in the new nation's politics.
The Brown decision took over the Plessy decision
Answer:
With the growing threat of being relocated, they adopted the "white man" ways. Several ways they did this was by building houses, making an alphabet, building schools and churches, and making a Constituition (based off the Constitution of the US). Ultimately, it all went in vain; they got relocated anyways because President Andrew Jackson pass the Indian Removal Act.
Explanation:
