Answer:
What made the Great Depression "Great" was the government response. Constant changes the regulatory environment, tax increases, massive deficits, and failure to let the market correct paralyzed the economy in its depressed state for 15 years.
Both were caused primarily by an over expansion of credit rooted in loose money supply. The monetary response to the current recession has been different. Rather than tightening to force the market to bottom, the Fed has maintained low rates in an effort to re-inflate the bubble conditions. Hoover/Bush & FDR/Obama responses are similar as all tried to spend their way out of the problem.
1929 crash:
After WWI, Britain reset the pound to the pre-WWI level even though their money supply had far exceeded pre-WWI levels. In an effort to slow the flight of gold from Britain, the US federal reserve (led by Benjamin Strong) lowered interest rates. As always, artificially low interest rates caused massive distortions in asset values. Money flowed into the stock market and people who would not normally have been stockholders bought stocks in place of other investments that would have yielded better interest rates absent fed policy. Margin was used excessively because the real cost of leveraging was distorted by fed interest rate policy.
The fed continually lowered interest rates all the way into 1929. When the bubble popped, they tightened policy and raised rates. This contributed the deflationary spiral; however, the deflationary spiral could not have been as severe without the loose policy during the bubble.
2008 crash:
Beginning in the early 1990s, the federal reserve (led by Alan Greenspan) lowered rates while monitoring consumer prices as indicators of inflation. They ignored bubbles in the stock market directly caused by their inflationary monetary policy. When the stock bubble popped, they lowered rates further and pushed misdirected investment towards other assets - most commonly housing.
After the attacks of 9/11/2001, the fed pushed rates to 0 (long term rates were effectively negative and continue to be).
Explanation:
Answer:
D) Police officers may reveal a sense of humor, and the jury can be impressed but should be made with caution so as not to offend any member of the jury
Explanation:
The general guideline regarding the use of humor is that police officers may reveal a sense of humor, and the jury can be impressed but should be made with caution so as not to offend any member of the jury thus sabotaging the case.
The use of violence would not limit the effectiveness. It would aggravate it, actually, enough to land you in prison for a long time with no bail.
Answer:
Jeremiah
Explanation:
he preached about trust and worship
Answer:
inability
Explanation:
Learned helpless is a behavioral state or mental state of a person where the person is forced bear a stressful situation or stimuli that is painful and unpleasant. He experience the aversive situation repeatedly. The person concludes to believe that he or she is not able to control the situation or even change it and so they do not even try to control it.
People who developed this, attributes their failures to ability as they attributes their success to inability or incapacity instead of the effort.
Martin E.P. Seligman developed and conceptualized the theory of learned helplessness.
