1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kruka [31]
3 years ago
12

In what way did henry paulson have to overcome his own ideology throughout the whole process?

History
1 answer:
allochka39001 [22]3 years ago
6 0

Henry Paulson (born in 1936) was a directive of the investment bank Goldman Sachs, before becoming the 74th Secretary of the Treasury of the US in 2006. Hence, he was in office in the years prior and during the financial crisis, and had to make critical decisions during those times. As many others, he overrelied on the strenght of the American economy and was soon overwhelmed by the situation.

During the second and third quarters of 2007, he claimed in front of the press that the American economy was robust enough and that subprime mortgage crisis had been properly contained. Therefore, the '<em>laissez-faire' </em>or lack of intervention, was the firstly addopted attitude.

In 2008 he had to initatiate a governemental intervention in the economy with no precedents, to prevent the very close collapse of the banking system and the severely destructive effects that we already affecting the real economy. He implemented the TARP, to purchase up to 700$ billion of troubled assets, and performed the AIG bailout. He also injected in the economy a billionaire stimulus package as part of a QE (Quantitative Easing) program to fight the toughest crisis since 1929.  

You might be interested in
Why were the merchants in the East in favor of a tariff on imported manufactured goods?
AlladinOne [14]

Question:<em> Why were the merchants in the East in favor of a tariff on imported manufactured goods?</em>

Answer:

<em>Hey... lol</em>

<em>The answer to your question is:</em>

<em>It increased the demand for American goods because the tariff made the imported goods more  expensive.</em>

Hope this helps, have a good day. c;

5 0
2 years ago
Read 2 more answers
What did americans do during world war 11?
Vlad1618 [11]
I assume you mean WWI as there were only two. In WWI Americans participated. Many of the able men went to war. While the women, children, and disabled stayed and helped with the war effort. Most of the effort back home was from the women.
4 0
3 years ago
What is one advantage a primary source has over a secondary source
Mnenie [13.5K]
It was created when the event was fresh in the person's mind.
4 0
2 years ago
Report on What is the Proclamation of 1763 .
spin [16.1K]
<h3>Answer:</h3>

The Proclamation of 1763 was a declaration made by the British government about American settlement.

What Did The Proclamation of 1763 Do?

The Proclamation stated that Americans could not settle any land to the west of the Appalachian mountains. The British government made the "proclamation line" which was a line that ran through Appalachia that showed the limit of American settlement. However, it is important to note that land west of the Appalachian had already been settled by many Americans, who believed they deserved that land. Additionally, the British government had almost no way to enforce this law.

Causes and Effects

The main cause of the proclamation was the French and Indian War. The war was very expensive for Britain, so they wanted to avoid possible future conflict.

But, during this time period, Americans had been used to a level of independence. Prior to this declaration, Britain had little interference in American politics or settlement. So, the sudden increase in government interference led to American resentment of the British. Also, the proclamation line was almost completely ignored by all Americans, which angered the British. The most direct effect of Americans ignoring the proclamation was that Britain sent troops to America to enforce British law.

The American resentment of the British people and government would eventually lead to Americans wanting independence. The Proclamation of 1763 and the Americans' reactions were one of the earliest signs of the Revolutionary War.

7 0
1 year ago
When Germany annexed Austria in 1938, the United States responded by
Natasha2012 [34]

Answer:

B

Explanation:

5 0
2 years ago
Other questions:
  • How did the Byzantine Empire form?
    15·2 answers
  • What goals motivated president kennedy’s policy decisions regarding vietnam?
    15·2 answers
  • How did the Missouri Compromise deal with the issue of slavery?
    11·2 answers
  • “But despite increased free speech and torches of liberty and flappers.
    13·1 answer
  • In which speech did Lincoln urge the country to “bind up the nation’s wounds”?
    11·1 answer
  • 7. Why do you think Richard and Saladin signed a truce? What do you think they hoped to
    12·1 answer
  • The Jewish Torah is composed of _____ books.
    7·2 answers
  • Which was not found in the americas A. graphes B.peppers C.corn D.pumpkin
    12·1 answer
  • What did you learn about Judaism?
    14·1 answer
  • 6. What was a result of the Agricultural, or Neolithic, Revolution? A. Migration of humans around the globe B. Mass extinction C
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!