Hamilton’s economic system can be good in terms of economy.
It will create a stronger country at the however, it will also create a
disparity between the wealthy and the poor. The wealthy will become wealthier
by lending their money to the poor while the poor will be poorer because they
will be full of debts
<span>Miranda’s conviction was overturned by the United States Supreme Court because his Constitutional right to a fair trial was violated. His defense team claimed that he had not been read his rights under police investigation.</span>
I’m not sure which four rights you are referring, so I’ll make an educated assumption.
1. Freedom of the press has been expanded with information now being harder to control
2. Basic civil rights have been expanded, such as freedom of movement with the abolition of Southern Jim Crow laws
3. The right to vote has been granted to members of minority groups, and women voting has become more culturally accepted
4. Pay has been made much more equal, equal work leads to equal pay despite the sex or race of the individual
The lack of government oversight occurred in the housing market -- specifically in the home loan business. It's sometimes referred to as the "subprime mortgage" crisis. Subprime mortgages were mortgages given to borrowers that didn't qualify for a conventional loan. They would be financed in ways that charged borrowers higher interest because of the risk or had large balloon payments later in the loan period. As a result, there was a "housing bubble" created, where many people had entered into home loans above what they could pay. When that bubble burst and the housing market crashed, it triggered the great recession.
You might check out the book or the film called "The Big Short" for an interesting study of what happened!
