The 2008 recession/financial crises one of the worst of its kind in a generation. Major economies including the United States and the UK suffered a period of recession, consistent low-growth, rising unemployment and many businesses closing down.
A 10-member committee called the Financial Crisis Inquiry Commission was setup by the US government to study the causes of the recession, in the hopes that a future similar crisis could be prevented.
In 2011, the committee released their findings and pointed out the two major reasons for the crisis:
1. The basic reason for the crises as the Collapse of the housing market.
2. Which in turn was fueled by toxic mortgages, low-interest and easy credit available to everyone and minimal regulation.
The report also pointed out vast problems of corporate governance, lack of government will and unpreparedness.
Answer:
During Tang rule, China had its greatest influence on eastern Asia and, at the same time, carried out active trade with peoples across Eurasia. For more than 100 years, the Tang empire stretched deep into Central Asia, and various aspects of Chinese culture spread to Korea and Japan.
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Answer:
The Shang Dynasty was a monarchy.
Explanation:
The kings of the Shang Dynasty, was a monarchy, where the people were ruled by a king. In this type of government, the people involved were, the king, and his noblemen, fortune tellers, and governors. The king had the power to appoint noblemen to rule each city state. Additionally, the king had the power to say when crops could be planted. Moreover, the noblemen had the authority to recruit soldiers to defend the city state from invaders. The only way to gain the throne was to inherit it, by being the king's younger brother or oldest son.
Merchants had such low status because selling things was considered being greedy.hope it helped
