Credit is essentialy a loan given that is paid back with interest. Arguably, credit caused the Great Depression. Many Americans invested in the stock market with credit when they did not have the money, so when a recession in the stock market occurred, many stockholders were in huge debt. Banks that lended money were out of money, and depositors lost money. This caused homes to foreclose, and because of the decrease in consumer purchasing power (people were in debt), companies laid off workers and unemployment rose.
Courts apply the law to specific controversies brought before them. They resolve disputes between people, companies and units of government. Often, courts are called on to uphold limitations on the government. They protect against abuses by all branches of government.
Answer:
3. Democracy and capitalism, especially showed throuought the Red Scare.
