<span>The Spanish Civil War (1936-9) was a very important event during the tense1930s in Europe. Although it did not make World War II inevitable, it increased the likelihood of a general war a great deal. The war had a tremendous impact on Spain itself, leaving much of the state's economic and social infrastructure in ruins and leaving thousands dead. But the war also saw involvement from other European states as both sides of the conflict - the Right-wing Nationalists and the Left-wing Republicans (a.k.a. Loyalists) - requested and received foreign aid not only in terms of financial assets, but also in terms of war material and troops. Adolf Hitler's Germany was one of the foreign countries most involved in the conflict, contributing economic loans as well as several thousand troops to the Nationalist cause. Hitler's involvement in the Spanish war was consistent with a larger Nazi foreign policy aimed at diverting British and French attention from Central and Eastern Europe so that he would be unhindered in his plans for eastern expansion.</span>
Jefferson’s listing of abuses and violations of basic rights and clearly aimed at the King of Britain and his monarchy. The Declaration brought recognition of these injustices to every citizen, and hence, justification of the American Revolution
The correct answer is B) The Federal Reserve:
Since the beginning of the crisis in August 2007, central banks have shown a great capacity for reaction. They have also acted both to avoid a systemic banking crisis and to limit the impact on growth. In addition, the US Federal Reserve eased monetary policy by injecting liquidity and, eventually, acting on interest rates.
Banks are traditionally financed by borrowing money in the short term in the interbank market. But the financial crisis that began in 2007 has been characterized by a great mutual distrust among banks, which led to an increase in interbank rates. Interbank rates far exceeded the central bank's guide rate. In addition, central banks have intervened massively to inject liquidity, hoping to reduce money market tensions and restore confidence. The monetary policy has also been characterized by an extension of the duration of the loans, an extension of the guarantees and the possibility of obtaining refinancing.
In addition to providing liquidity, in order to reduce the impact of the financial crisis on growth, the Fed has lowered its guideline considerably, which has gone from 6% at the beginning of 2007 to 0.5% at the end of 2008. On the other hand, the ECB has not lowered its guideline type.
