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:
c. repressed sexual desires
Explanation:
A person that has been afflicted by neurosis leads to them behaving in a neurotic manner. It is a class of mental disorder which leads to the development of chronic distress but does not lead to delusions or hallucinations.
According to Freud a persons psychological-sexual development happens as follows:
Polymorphous contrariness when an infant
Latency stage.
Freud believed that repressing these stages of development leads to neurosis.
Answer:
It reflects the fear of many people as regards a centralized federal power.
Explanation:
The passage refers to the period that immediately followed American independence from Britain. The articles of this Constitution were ambiguous on purpose because, in that way, aristocrats in charge of the power could exercise rights and modify the Constitution at their convenience. Americans felt that a federal government that concentrated most of the authority over the states would establish a tyranny similar to the one King George III had.
Answer:
The would not react very helpfully or very politely.
Its becuase people of some countries wanted that each and every person of that country should be equal, as they wanted that each and every person, whether a foreigner or born in that country if wanted to be a citizen of that country, they should be. And especially because in ancient times, the usefulness and strength of woman was not being recognised by people, and many people had the wrong idea that men are superior to women and should always be discriminated...this was also the condition with the unequality on the basis of the ranks of people and the property they owned. the rich people were always supported, the middle class people,were dicriminated little, but weren't recognised even though they were great minds, and the poor people were highly dicriminated. So, many countries adopted democracy.
i hope i helped..
