Answer:
The financial crisis is the breakdown of trust that occurred between banks the year before the 2008 financial crisis. It was caused by the subprime mortgage crisis, which itself was caused by the unregulated use of derivatives. The major causes of the initial subprime mortgage crisis and following recession include international trade imbalances and lax lending standards contributing to high levels of developed country household debt and real-estate bubbles that have since burst; U.S. government housing policies; and limited regulation of non-depository financial institutions.
Explanation:
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This would be A i am guessing
The traditional instutions and values is based on people taking care of their ownselves in order to move toward the higher economic strata.
The new circumtances on the other hand, encourage people to help others in distributing their wealth so we as a whole society could move together to the higher economic strata.
Answer:
A - McCulloch v. Maryland
Explanation:
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Two landmark decisions by the U.S. Supreme Court served to confirm the inferred constitutional authority for judicial review in the United States: In 1796, Hylton v. United States was the first case decided by the Supreme Court involving a direct challenge to the constitutionality of an act of Congress, the Carriage Act of 1794 which imposed a "carriage tax".[2]
The Court engaged in the process of judicial review by examining the
plaintiff's claim that the carriage tax was unconstitutional. After
review, the Supreme Court decided the Carriage Act was not
unconstitutional. In 1803, Marbury v. Madison[3]
was the first Supreme Court case where the Court asserted its authority
for judicial review to strike down a law as unconstitutional. At the
end of his opinion in this decision,[4]
Chief Justice John Marshall maintained that the Supreme Court's
responsibility to overturn unconstitutional legislation was a necessary
consequence of their sworn oath of office to uphold the Constitution as
instructed in Article Six of the Constitution.
