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Natalka [10]
4 years ago
8

What were three things that helped cause the 2000s recessions?

History
1 answer:
hjlf4 years ago
4 0

Answer:

The correct answers are B, C and E. Three things that helped cause the 2000s recessions were the federal deficit, the mortgage crisis, and spiking gas prices.

Explanation:

The years leading up to the crisis were characterized by sharp increases in commodities (especially gas), stock and housing prices and a related boom in demand. Problems in the US banking system and the emergence of highly transparent securities with security in housing led to increasing problems in the financial sector as housing prices in the US fell sharply in 2006. The crisis gradually spread in the financial sector and increased dramatically as the US fourth largest investment bank Lehman Brothers was declared bankrupt on September 15, 2008. The bankruptcy caused international panic, and the interbank mortgage market froze to ice. A number of large and well-established investment banks and commercial banks in the US and Europe suffered heavy losses. Several went bankrupt and others were saved only as a result of considerable financial assistance from their respective governments.

The crisis then spread rapidly from the financial sector to the real economy. There was a sharp decline in international trade, rising unemployment, public debt and falling commodity prices. The situation is often perceived as the greatest decline in the world economy since the depression of the 1930s.

Governments and central banks around the world reacted with expansive fiscal and monetary policies to stimulate domestic economies. At the same time, initiatives were taken to reduce the risk in the financial systems.

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A political scandal involving abuse of power and bribery and obstruction of justice; led to the resignation of Richard Nixon in
Phoenix [80]

The correct answer is True.

Explanation

Richard Milhous Nixon (1913 - 1994) was president of the United States between 1969 and 1974, the year he became the only president to resign from office. Richard Nixon was linked to the Watergate Scandal, which was a US political scandal of the 1970s caused by the theft of documents at the Watergate office complex in Washington DC, home of the National Committee of the United States Democratic Party, and the subsequent attempt by the Nixon administration to cover up those responsible through bribery and obstruction of justice.

When the conspiracy was uncovered, the United States Congress initiated an investigation, but the resistance of the Richard Nixon government to collaborate in this led to an institutional crisis. For their part, Nixon and his advisors orchestrated activities such as harassment of political opponents and persons or officials considered suspicious using police organizations or intelligence services, such as the Federal Bureau of Investigation (FBI), the Central Intelligence Agency ( CIA) or the Internal Revenue Service (IRS). The scandal uncovered multiple cases of abuse of power by the Nixon government, who finally decided to resign from the post of President of the United States in August 1974. The scandal involved a total of 69 people and 48 were found guilty and imprisoned; many of them had been senior officials of the Nixon government. So, the correct answer is True.

7 0
3 years ago
This man is using German money as wallpaper. What does the photo suggest about the German economy?
Lerok [7]

Answer: The German government economy was in a state of collapse, and its money was essentially worthless.

Explanation:  

The Treaty of Versailles (1919), signed after the end of World War I, was very harsh in the terms imposed against Germany.  Germany was forced to pay large reparation payments to the countries that it had fought against in the war.  Along with accepting full responsibility for causing the war, Germany was ordered make monetary payments for the damage caused "as a consequence of the aggression of Germany and her allies."   Occupation of territories in the Rhine and Ruhr valleys was threatened if Germany did not make good on reparations payments.

The Germany economy was crippled by the payments it was supposed to make, and its government (as the Weimar Republic) was unable to keep up with the payments.  In 1923, French troops occupied the Ruhr region.  Germans living in the region responded with civil disobedience and a workers strike.  The Weimar Republic government sided with the workers and printed bank notes to pay the workers while they were on strike.  Printing additional money with no real economic foundation to support the increased money supply led to extreme inflation.  The German economy got worse and worse.

Then came the Great Depression, beginning in 1929.  The Great Depression was worse in Germany than in America.  The hyperinflation in Germany got so bad so that their currency became essentially worthless.  I don't see the photo you mentioned of a man using German money as wallpaper.  But I've attached another photo from the time period, which shows children playing with stacks of money as if they were building block toys -- another illustration that German currency wasn't really worth anything as money.

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.  

6 0
3 years ago
Read 2 more answers
What was the relationship between the 2nd Sino Japanese war in the Chinese civil war?
hammer [34]
Second Sino-Japanese War, (1937–45), conflict that broke out when China began a full-scale resistance to the expansion of Japanese influence in its territory (which had begun in 1931).
4 0
3 years ago
After the Civil War, what happened to farmers’ debt?
tankabanditka [31]
Network of farmer's organizations that worked for political & economic reforms in the late 1800s
5 0
4 years ago
Read 2 more answers
Referring to the 1810 ____________ bill no. 2 how did the willingness of president madison to gamble and the craftiness of frenc
mash [69]

Judiciary Act of 1801 - Passed by the expiring Federalist Congress. Adams signed in "midnight judges", one of them being John Marshall.

Madison's Gamble. Napoleon saw his chance with Macon's Bill No 2 -- Madison "gambled" that the threat of seeing the US trade exclusively with France would lead British to repeal their restrictions. He accepted the French offer as evidence of repeal.  His gamble failed and he saw no choice but to re-establish the embargo against Britain alone -- meant the end of neutrality. 

8 0
3 years ago
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