Answer:
The US Treasury invested billions of dollars in companies hit hardest by the crisis.
Taxpayer money was used to help several large financial firms stay in business.
Explanation:
The Troubled Asset Relief Program (TARP) was instituted by the U.S. Treasury following the 2008 financial crisis. TARP stabilized the financial system by having the government buy mortgage-backed securities and bank stocks. From 2008 to 2010, TARP invested $426.4 billion in firms and recouped $441.7 billion in return.
The Troubled Asset Relief Program (TARP) was instituted by the U.S. Treasury following the 2008 financial crisis.
TARP stabilized the financial system by having the government buy mortgage-backed securities and bank stocks.
From 2008 to 2010, TARP invested $426.4 billion in firms and recouped $441.7 billion in return.
TARP was controversial at the time, and its effectiveness continues to be debated.
Answer:
The Nazi Party
Explanation:
While in prison, Adolf Hitler wrote his book called "Mein Kampf", which details Germany's current problems and blames them on the Jewish. He would later establish the Nazi Party and become the supreme ruler of Germany. While in power, he started a genocide campaign against the Jewish. The Jewish were killed by mobile firing squads, and later, gas chambers. At the end of the fuhrer's reign, over 60% of the European Jewish population were killed.
The two reasons:
- Britain intercepted the Zimmerman Telegram
- Germany resumed unrestricted submarine warfare
Context/detail:
Public outrage in the US against the Germans swept the nation following the sinking of the British ocean liner, <em>Lusitania</em> -- but that happened before 1917. When a German U-boat (submarine) sank the Lusitania in May, 1915, over 1,000 persons were killed, including more than 100 Americans. The passenger liner was targeted by the Germans because they suspected weapons were being shipped to Britain in the cargo hold of the ship.
Germany managed to stave off American entry into the war at the time by pledging to stop submarine attacks. But a couple years later they resumed such attacks, and there was also an intercepted telegram (the "Zimmerman Telegram") that showed Germany was trying to secure Mexico as an ally against the United States.
In 1917, the US declared war on Germany in response.
