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.
i'd love to help! but please tell me if this is a question or a statement i have to explain. if so, are there answer choices?? then i can help :)
President Dwight.D.Eisenhower famously warned U.S Citizens about the 'military-industrial complex'
They both changed the world and because Abraham stopped the black people from being slaves and he helped them and Moses brought the Israelites when they were slaves out of Egypt <span />
Hi,
Here are a few advantages that should help you answer your question:
1. superior leadership in Abraham Lincoln
2. greater population – 22 million people
3. military power – a five to two advantage in men who could fight, a navy, war machinery industrial power
4. more factories
5. more money
6. more railroads
7. more farmland where food crops, not cash crops were grown
