The declarations of the letter to the U.S. Congress by the economists concerning the bailouts are evidently specified the disagreement of the source of the letter about the GM bailout. The document stated that the bailout would disrupt the notion of free market in U.S. and that it will break the people who held in the free market (Velasquez, 2012). Also, the bailout and government interference will shift the free market economy into socialism (ibid). The economists and other parties which is convoluted in the making of the letter, sustained the free market economy. They do not approve on government interruption as it disrupts the mechanism of the market that is free of any interference particularly from the government. The sources of the letter thought that it was GM’s own accountability to bail itself out of the insolvency. The bankruptcy was a consequence of bad management of the company and it was its own accountability to resolve the matter. The interference by the government will move the market mechanism. The bailout will disturb the equal right of the people of life, freedom, and possessions as what John Locke’s notion. Furthermore, government meddling will also lower the public’s safety based on Adam Smith’s theory.
Answer:
a letter is written communications between two or more people
Answer:
The correct answer choice for the question: Which of the following phrases best characterizes Herbert Hoover´s foreign policy agenda, would be: the last one: Mutual respect, in terms of being available to support others when called upon, but not interfering unnecessarily in their affairs.
Explanation:
Herbert Hoover served as the 31st president of the United States from 1929 to 1933, and he faced one of the toughest economical debacles in all of history. Although highly criticized later for the inefficient ways in which he was perceived to have acted to stop the domino effects of the Great Depression, there is one thing that can be said about him; he definitely believed in non-interventionism, whether on internal affairs, or foreign affairs. In foreign relations, Hoover was responsible for stepping down from intervening anymore in Latin American affairs, and also, as events that led to World War II, on events that took place in Asia. However, he was also always ready to act if needed; thus, he was not above threatening to intervene militarily in the Dominican Republic, and other such places. This is why the last option is the best one to describe this character´s international agenda.
Answer:
A bicameral legislature resolved the tension between the states because they couldn't agree on the size of the Congress because of different states' sizes. The main conflicts were between large and small states.
Explanation:
The bicameral legislature helped to equilibrate representation in Congress. The Senate has two senators per state and the House of Representatives is composed of representatives proportional to states' populations.
The idea of a bicameral legislature also helped to carry forward the system of checks and balances between powers. A unilateral legislature would create a potential for power concentration.
