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Tpy6a [65]
3 years ago
11

What were the factors that led to the 2008 collapse of the U.S. auto industry? What were the steps taken by the federal governme

nt to lessen the impact of the collapse? What were the results of these policies? What advice would you give the Michigan Economic Council to avoid future collapses and to move the auto industry into the futurev
History
1 answer:
Bas_tet [7]3 years ago
6 0
1. The main factors were because of fuels. Because of an energy crisis up until 2008, the fuel prices skyrocketed which meant that sustainable cars became a priority for buyers. The big three american manufacturers didn't make such vehicles as  the US was always a great market for SUVs and other powerful and large cars and sales started to drop and they started losing huge amounts of money because people started buying vehicles that had better fuel consumption or didn't buy at all.

2. At first the government supported the unions who managed to win some and lose some in a series of compromises with company owners. In the end, the government had to give a huge amount of money to the big 3 in order to bail them out since they were almost filing for bankruptcy.

3. The advice would be to start supporting sustainable green cars that are electric powered or biofuel powered and not just make huge SUVs powered by oil. The crisis never would've happened if it had been that way from the beginning.
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8 0
3 years ago
Which cattle trail followed the Texas road?
Dmitry_Shevchenko [17]

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B

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The first cattle drives from Texas on the legendary Chisholm Trail headed north out of DeWitt County about 1866, crossing Central Texas toward the markets and railheads in Kansas. The trail was named for Indian trader Jesse Chisholm, who blazed a cattle trail in 1865 between the North Canadian and Arkansas rivers.

4 0
2 years ago
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Entrepreneurs develop new goods and services to start a business. Why is entrepreneurship often difficult?
cluponka [151]

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Starting a new business, as any investment project, entails a certain level of risk. Even tough an entrepeneur is able to develop a product that he believes would be attractive for consumers, there are many aspects that should be examined before deciding to start a business: market environment (number of competitors, elasticity of the demand, profits obtained in the industry), or inner factors (type of technology needed, how to produce efficiently, human resources policies, etc).

Even tough many things can be studied and plans and strategies need to be defined, there are factors which are unpredictable and can lead a firm to bankruptcy: a global economic crisis starts, there is a rise in input prices, there is a sharp decline of the demand on the product, etc. <u>This uncertainty (risk) makes entrepeneurship highly volatile, very large profits can be earned but also heavy losses can be incurred. </u>

4 0
3 years ago
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Why did some people oppose tariffs?
mrs_skeptik [129]

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C

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tino4ka555 [31]

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D. the Union honoring tribal treaties signed with the Confederacy

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After the civil war ended, the Union decided no to honor these treaties and forced a lot of tribes to migrated out of their ancestral land.

The union wanted to used the land to provide enough space for railroads development. They wanted a fast method of distribution to deliver products from southern states to mid-norther states.

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