The American Recovery and Reinvestment Act (ARRA) was approved by President Barack Obama in 2009, and consisted on a stimulus package released with the aim of preventing the destruction of jobs, fostering the creation of new ones, and boosting the aggregate demand as a mechanism for economic recovery. Therefore, recovery from the recession of 2007-2009 was sought through the Keynesian way.
One negative effect of the spending schedule imposed by the ARRA, was that a great part of the money had to be borrowed. National debt was increased and this led to a deficit situation.
Latin America is the most dangerous region in the world, and the situation is getting worse, a lot worse. According to a recent World Bank study, over the past two decades nearly every region in the world has grown safer or at least stayed the same, except, that is, Latin America. Latin America holds eight percent of the world’s population but suffers 40 percent of the world’s homicides and 60 percent of the kidnappings. The murder rate in Latin America is 26 per 100,000. In Europe it is nine.
Of the 50 most murderous cities in the world, 41 are located in Latin America. Mexico’s Acapulco ranked third, with 113 murders per 100,000 in population, behind the Latin American cities of Caracas, Venezuela, placing second at 134, and San Pedro Sula, Honduras, with 187, winning the dubious honor as the most dangerous city in the world.
Answer:
<h2>Adopted a free market approach to their economy.</h2>
Explanation:
This free market policy was also supported by their government, who believed that it was the right way to grow as a industrial society, which worked, because Britain had first industrial revolution that United States.
