The 2008 recession/financial crises one of the worst of its kind in a generation. Major economies including the United States and the UK suffered a period of recession, consistent low-growth, rising unemployment and many businesses closing down.
A 10-member committee called the Financial Crisis Inquiry Commission was setup by the US government to study the causes of the recession, in the hopes that a future similar crisis could be prevented.
In 2011, the committee released their findings and pointed out the two major reasons for the crisis:
1. The basic reason for the crises as the Collapse of the housing market.
2. Which in turn was fueled by toxic mortgages, low-interest and easy credit available to everyone and minimal regulation.
The report also pointed out vast problems of corporate governance, lack of government will and unpreparedness.
Answer: Varies
Explanation: One way is they can cooperate with nearby countries.
Answer:
Germany
Explanation:
At the conclusion of World War I, allied victors took a coercive approach to Germany. Vigorous negotiations culminated in the "war guilt clause" of the Versailles Convention, which established Germany as the primary party responsible for the war and pressured it to pay reparations.
It was the age of hipster, and a new era, I would like to say a second Renaissance
Solving financial problems, Americans were divided over how to deal with the financial problems that plagued the new local government . Hamilton proposed that the federal government increase tariffs and tax certain products made in the united states of america.Thank you so much for your question. I hope it could help.
