The 1948 United States Presidential Election is considered apart from being one of the biggest electoral upsets in American history, the start of an era of great economic prosperity and growth of the United States as a superpower in the land of politics.
After winning the election then President elect Harry S. Truman implemented and oversaw various policies in order to contain and stop the influence of communism around the world which culminated in the entry of the United States in the Korean war.
During this time period President Truman also oversaw the approval of NSC 68, a secret statement of foreign policy. Which sought to increase the defense budget and in turn increase the military prowess of the US and weaken the Soviet Union's influence as much as possible.
The results of the 1948 Presidential Elections also influenced the reform of civil rights in the US, more specifically voting rights and fair employment rights, these reforms also had a key role in ending racial segregation in the armed forces.
The correct answer is "people have less incentive to save money in banks."
Further Explanation:
When interest rates are low people tend to spend the money they are saving instead of saving money. The risk free rate is typically decided by the Treasury securities.
There are some downfalls to having an environment of low interest rates. One drawback is lower borrowing rates that affect investments. The banks will have a decrease in people depositing money, but will have an advantage of lower rates. People take on more debt when the interest is down.
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I would have to say D) Religious repression.
