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: Old heads
Explanation: The old heads were a distinct group of men that stood apart from the youth in the neighbourhood. They were instrumental in shaping the lives of the young ones as well as monitoring and advising them to tow a good path.
The old heads had their personal space in the neighbourhoods that couldn't be entered without being invited or before requesting permission. They discussed various issues with the younger ones including those they couldn't hqve with their parents and would have been misinformed bu their peers.
The old heads represented wisdom, stability and encouragement to the younger ones while reminding them that their actions have consequences and they would have to lay in the bed they've made for themselves i.e live with the consequences.
Answer:
Here are some ways you can minimize discrimination in this world.
Explanation:
1. Report racist people to police you can trust or any police. (All police should do something about it)
2. Focus on your strength and others' strengths. Focusing on your core values, beliefs, and perceived strengths can motivate people to succeed, and may buffer the negative effects of bias.
3. Seek support systems.
4. If you have problems with people, help yourself think about the problem and be a problem solver.
B is the correct answer.
Business and Investment interests are backed by, well, businesspeople and investors whose primary occupation is the making of money.
As a result, those interests are often backed by more money than, say, supporters of Dolphins. Dolphins just don't make money the way that Hedge Funds do.
That's a ration like 4 out of 1 or 1 out of 4
