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:
Sirius
Explanation:
Our solar system is the system which is made of Sun (solar) at the centre and the other astral bodies revolving around it.
This model of the solar system is also known as the heliocentric model of the solar system in which the Sun is present at the centre.
Our solar system consists of the Sun, the planets revolving around it with their moons, the asteroids, meteorites etc.
In the given question, Venus is a planet, Sun is the centre of the solar system and the moon revolves around the planet are part of the solar system but Sirus which is the brightest star is not considered a part of the solar system.
Thus, Sirius is the correct answer.
Answer: Branch office manager
Explanation:
According to FINRA rules and regulations, any error or alterations to an order tickets are highly prohibited. Such alterations should be directed (in writing) to a designated person which is the Branch Office Manager.
The branch office manager must be informed about the reasons those alterations were made. Also, the branch office manager could approve of such alterations and be accountable for the change.
The Branch office manager will conduct a thorough assessment to understand the facts surrounding the alterations before issuing an approval.
Hitler promised the germans their land back, security, and lives back
Answer:
True statements are,
A, B, D, E , and F
Step-by-step explanation:
<u>Properties of a square</u>
1) All sides are equal
2) All angles are equal to 90°
3) Opposite sides are parallel
<u>A. WXYZ is a parallelogram</u>
True (property 3)
<u>B. <W is right angle </u>
True (Property 2)
<u>C. WXYZ is a trapezoid</u>
False
<u>D. WX ≅ XY</u>
True (Property 1)
<u>E. <W congruent to <Y</u>
True (Property 1)
<u>F. <W is supplementary to <Y</u>
True (Property 2)
True statements are,
A, B, D, E , and F
