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gregori [183]
3 years ago
5

Summarize the causes and effects of the recession that began in the mid 2000s. MIGHT GIVE BRAINLIEST IF CORRECT

Social Studies
1 answer:
IRISSAK [1]3 years ago
6 0
The major causes of the in total subprime mortgage crisis and following recession include the federal reserve lowering the federal funds rate and creating a flood of liquidity in the economy, international trade imbalances, and lax lending standards contributing to high levels of developed country household debt
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1. How did the Boston Sons of Liberty show their opposition in 1773? 2. Why do you think they decided to destroy the tea? 3.What
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Answer:

Find the explanation below.

Explanation:

1. The Boston Sons of Liberty showed their opposition on December 16, 1773, when they threw tea being brought into the American colonies by the British East India Company overboard the sea. The event is known as the Boston Tea Party and it was a result of the <em>Tea Act</em> passed by the British Parliament who gave their company the monopoly to import tea to the colonies.

2. I think that they decided to destroy the tea because if it got to the American colonies, they would be bought by people and this would affect the sales of tea by the American traders who sourced their tea from the Dutch. The taxes imposed on this tea as well as the monopoly that was granted to the British East India Company would also have negative consequences on the economy of the colonists.

3. They might have allowed the tea to land and then explain to the people reasons why they should boycott it. I do not think that this would have been effective because some people would have still found a way to buy the tea once it was within their reach.

4. Activism, lobbying, dialogue with the appropriate authorities, and peaceful protests should be the best routes to consider in countering laws perceived as unjust by the American citizenry.

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