The banking industry has been of much importance in an economic system because it provides financial sustenance to the consumers through bank loans. However, if these bank loans get defaulted, "<span>the economy suffers because banks have less money to loan to others."</span>
The banking industry has been of much importance in an economic system because it provides financial sustenance to the consumers through bank loans. However, if these bank loans get defaulted, "the economy suffers because banks have less money to loan to others."
The "containment policy" was the U.S. approach to containing, or preventing, the spread of Communism after World War II. The idea was to make other countries prosperous enough to avoid the temptation of communism.
