In the 1920s, new products made household chores easier and gave people more free time. Products that used to be too expensive became affordable. New types of loans allowed every family to spend more than they had. The loans let them buy things in stores now and pay for them later.
Answer:During the 1930s a group of Broederbond members shaped Afrikaner nationalistic ideology, by trying to create a common "Christian-nationalistic" identity for all white, Afrikaans speaking South Africans as well as introducing the idea of Volkskapitalisme (people's capitalism) that tried to take control from the "British
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China
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China is the largest textile producing and exporting country in the world.
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Veto power. Once Congress has passed a bill, the president has the power to veto that bill. In turn, Congress can override a regular presidential veto by a two-thirds vote of both houses.
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The correct answer is B) The Federal Reserve:
Since the beginning of the crisis in August 2007, central banks have shown a great capacity for reaction. They have also acted both to avoid a systemic banking crisis and to limit the impact on growth. In addition, the US Federal Reserve eased monetary policy by injecting liquidity and, eventually, acting on interest rates.
Banks are traditionally financed by borrowing money in the short term in the interbank market. But the financial crisis that began in 2007 has been characterized by a great mutual distrust among banks, which led to an increase in interbank rates. Interbank rates far exceeded the central bank's guide rate. In addition, central banks have intervened massively to inject liquidity, hoping to reduce money market tensions and restore confidence. The monetary policy has also been characterized by an extension of the duration of the loans, an extension of the guarantees and the possibility of obtaining refinancing.
In addition to providing liquidity, in order to reduce the impact of the financial crisis on growth, the Fed has lowered its guideline considerably, which has gone from 6% at the beginning of 2007 to 0.5% at the end of 2008. On the other hand, the ECB has not lowered its guideline type.