By recognizing the independence of Kosovo, President George
W. Bush was exercising the power of the president to recognize FOREIGN
GOVERNMENTS. As the Chief Diplomat of the country, the president of the United
States has the power to give recognition to foreign governments.
one advantage to this philosophy is that businesses faced fewer government rules and regulations. this allowes businesses to do many things. often rules and regulations add tothe costs that business faces. sometimes, rules and regulations make it harder to do business activities. when businesses have fewer rules and regulations they are generally willing to take more risks and to invest in the economy. with fewer rules and regulations, businesses have a big incentive to try to maximize profits.
a disadvantage of this policy is that businesses may engage in risky behaviors that could lead to future economic problems. in the 1920s, there were few rules and regulations on banks and on the investiment industry. to much money was being loaned to individuals and people could buy stocks woth only a small down payment. banks were also free to invest in the stock market. when the stock market crashed, many people and banks were financially ruined.
C. They wanted to ensure that Japan would not fall to communism.
Automation is when things move or do things by themselves. a engine that runs by itself.
During the early 1800s, America was a young nation whose political and economic structure was not as strong as it is today. As a result America had to face crop, insuarance and banking failures together with drops in the price of the cotton and the stock market and a crisis of credit and cash. It brought what was known as the economic panics.
