<u>ANSWER:</u>
The correct option is A: The country was in recession.
<u>EXPLANATION:</u>
- When Obama became the president in 2009, the country was in great recession and financial crisis. Obama's main challenge was to fight and do away with the recession of 2008 that had hit the country hard.
- Obama was successful in fighting this recession. He not only announced an economic stimulus package for the country but also cut taxes and funded public works.
- By investing in the country, Obama was able to get the country out of recession in a few years.
<span>The Fed responded to the crisis by lending money to banks. This ensured that banks had the capital needed to continue daily operations. Additionally, the Fed lowed the federal funds rate. The actions taken by the Fed helped to lower interest rates in order to encourage borrowing and spark economic growth. </span>
ᅟᅟᅟᅟᅟᅟᅟᅟᅟᅟᅟᅟ
<span>ᅟᅟᅟᅟᅟᅟᅟᅟᅟᅟᅟᅟ</span>
Explanation:
to ensure the monopoly of spice trades and to take advantage of their rivalries that pitted Hindus against muslims
<span>Socrates disagreed with the Sophists because the Sophists believed that their students should use their time to improve themselves. Socrates believed that an absolute truth existed within each each person. This was their main disagreement.
Here is another good source: https://quizlet.com/18534065/chapter-5-world-history-flash-cards/
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