Answer:
During the summer of 1998, the Russian economy was primed for the onset of a currency crisis.In an attempt to avert the crisis, the CBR intervenedby decreasing the growth of the money supply andtwice increasing the lending rate to banks, raisingit from 30 to 150 percent. Both rate hikes occurredin May 1998, the same month in which the Russianstock market lost 39 percent of its value.
Since 1800's, industrialization has changed land use and led to the growth of large cities in many countries. During this industrial era, population and production was emphasized where the invention of railroads increase the opportunity to travel or go to other places in reduced cost. In addition, manufacturing companies has began its operation, permitting migration from rural to urban areas that develop into great cities.
Well, people lost jobs, then almost all the banks around the US shutdown, people lost all their savings. people lost their homes many became poor.
The Baldrige National Quality Program was established by the Congress to encourage the American firms to focus on quality improvement in order to improve their global competitiveness. It was developed by the Department of Commerce in the late 1980s and presented annually by the President of the United States.
