Correct answer: b. Germany would accept blame for the war.
Further details:
The Treaty of Versailles, which came out of the Paris Peace Conference in 1919, was very punitive towards Germany. Germany was forced to admit responsibility for causing the Great War (World War I). We now call that "the war guilt" clause of the treaty. Germany also was forced to pay large reparation payments to the Allies (who opposed Germany in the war). The German economy and national pride were deeply wounded. The Great Depression was worse in Germany than in America. The bad situation in Germany made it possible for a radical leader like Hitler, making all sorts of bold promises, to win over enough people to rise to power. Hitler promised a return to national greatness and fiercely rebuilt Germany as a military machine. The rise of Hitler and the Nazis brought about World War II in Europe.
Correct answer:
B. losses from risky loans
<u>One of the reasons for the savings and loan crisis in the 1980s was the implementation of new investment powers</u>, thus introducing new risks and speculative opportunities that were difficult to administer and of which there was no experience.
<em>In addition, the volume of the loan did not have a good administration. An example of this was non-residential construction loans.</em>
John Calvin was a French leader of the Protestant Reformation. He made Geneva a center of Protestant thought and faith. He was the founder of a sect of Christianity called Calvinism.
The central government was too weak under <span>the Articles of Confederation so the US needed to replace it with a document that gave the central government more powers. </span>
