Answer:
What made the Great Depression "Great" was the government response. Constant changes the regulatory environment, tax increases, massive deficits, and failure to let the market correct paralyzed the economy in its depressed state for 15 years.
Both were caused primarily by an over expansion of credit rooted in loose money supply. The monetary response to the current recession has been different. Rather than tightening to force the market to bottom, the Fed has maintained low rates in an effort to re-inflate the bubble conditions. Hoover/Bush & FDR/Obama responses are similar as all tried to spend their way out of the problem.
1929 crash:
After WWI, Britain reset the pound to the pre-WWI level even though their money supply had far exceeded pre-WWI levels. In an effort to slow the flight of gold from Britain, the US federal reserve (led by Benjamin Strong) lowered interest rates. As always, artificially low interest rates caused massive distortions in asset values. Money flowed into the stock market and people who would not normally have been stockholders bought stocks in place of other investments that would have yielded better interest rates absent fed policy. Margin was used excessively because the real cost of leveraging was distorted by fed interest rate policy.
The fed continually lowered interest rates all the way into 1929. When the bubble popped, they tightened policy and raised rates. This contributed the deflationary spiral; however, the deflationary spiral could not have been as severe without the loose policy during the bubble.
2008 crash:
Beginning in the early 1990s, the federal reserve (led by Alan Greenspan) lowered rates while monitoring consumer prices as indicators of inflation. They ignored bubbles in the stock market directly caused by their inflationary monetary policy. When the stock bubble popped, they lowered rates further and pushed misdirected investment towards other assets - most commonly housing.
After the attacks of 9/11/2001, the fed pushed rates to 0 (long term rates were effectively negative and continue to be).
Explanation:
The Rosenhan experiment, also known as the Thud experiment, was designed to test the reliability of psychiatric diagnoses.
The Rosenhan experiment, also known as the Thud experiment, was designed to test the reliability of psychiatric diagnoses. The participants pretended to have hallucinations in order to enter psychiatric hospitals, but then acted normally. They were given antipsychotic medication after being diagnosed with psychiatric disorders.
The study was conducted by Stanford University professor David Rosenhan and published in the journal Science in 1973 under the title "On Being Sane in Insane Places." It is regarded as a significant and influential critique of psychiatric diagnosis, and it addressed the issue of wrongful involuntary commitment. Rosenhan and eight other people (5 men and 3 women) were admitted to these 12 hospitals located in five states along the West Coast of the United States.
To learn more about Rosenhan experiment, here
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Answer:
Mahmud of Ghazni first invaded modern Afghanistan and Pakistan
Explanation:
got it from google :)
Answer:
Language
Explanation:
A language is a system that is a combination of arbitrary symbols that can produce an infinite number of meaningful statements. Language defined by the Britannica Encyclopedia is “a system of conventional spoken or written symbols that has meaning to the participants of a specific culture”. As stated before, we use different symbols to create a word that means something to us. Each symbol has each own pronunciation as well as each word. The most interesting part is that each language is very different from each other. There are other symbols and other meanings to words. In conclusion, we can state that with language we have an infinite form of communication; we just need to learn the rules of each language.
