What triggered the financial crisis of 2008 in the United States?

1 answer:

4 0

The financial crisis was primarily caused by deregulation in the financial industry. That permitted banks to engage in hedge fund trading with derivatives. Banks then demanded more mortgages to support the profitable sale of these derivatives. ... That created the financial crisis that led to the Great Recession.

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Was there something about the opium war?

nataly862011 [7]

The opium wars were two wars in the mid- nineteenth century involving Anglo Chinese disputes over British trade in China and China’s sovereignty

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3 years ago

As a conservative republican, president nixon worked easily with the democratic congress. focused on making government run more

fgiga [73]

President Richard Nixon, like his archrival President John F. Kennedy, was significantly more concerned with foreign policy than domestic issues.

<h3>What did Nixon do?</h3>

Despite his support from the Republican Party's conservative side, and despite having established a career as a militant opponent of Communism, Nixon saw chances to improve relations with the Soviet Union and build relations with the People's Republic of China.

Politically, he intended to earn credit for defusing Cold War tensions; geopolitically, he hoped to use improved relations with Moscow and Beijing as leverage to put pressure on North Vietnam to end the war—or, at the very least, to halt it—with a settlement. He would pit China against the Soviet Union, and the Soviet Union against China, all while pitting both against North Vietnam.