What factors led to the Great Recession?

Answers

Answer 1

Answer:

In short, the factor that caused the great recession was overproduction, which was not prepared for the lack of demand, and ended up with all the goods stopped without any consumer buying them.

Explanation:

When the First World War came to an end, some European countries were weakening their economies, while the United States grew more and more, profiting from the export of food and industrialized products.

As a result, North American production became accustomed to this growth, which increased day by day, especially between the years 1918 and 1928. It was a scenario with many jobs, low prices, high production in agriculture and the expansion of credit that encouraged unbridled consumerism.

The problem for the United States was that Europe began to reestablish itself, which led to less and less import from the United States.

Now the American industry could no longer sell the exaggerated quantity of goods, with more supply of products than demand. This has led to a fall in prices, a fall in production, and consequently an increase in unemployment. These factors led to a fall in profits and a halt in trade, leading to a stock market crash and causing the great recession.

Answer 2

Final answer:

The Great Recession was primarily caused by the collapse of the housing bubble and a global financial crisis, rooted in the failure of risky, unregulated financial assets like CMOs and CDSs, which led to high unemployment and a sharp GDP decline.

Explanation:

The factors that led to the Great Recession were multi-faceted, but central to the downturn were the housing bubble and a severe crisis in the financial markets. Predatory lending practices contributed to a housing bubble which, when burst, led to plummeting home values and foreclosures, causing widespread financial distress. Moreover, the proliferation of complex and unregulated financial instruments such as collateralized mortgage obligations (CMOs) and credit default swaps (CDSs) compounded the crisis. These instruments, often rated as safe by credit rating agencies, failed en masse and fueled a global financial meltdown. The situation was exacerbated as access to credit dried up, leading to a decline in consumer spending, slowdown in international trade, and massive job losses, with unemployment rates soaring over 10% and a sharp decline in GDP.

In response to the recession, the United States government implemented aggressive fiscal and monetary policies to stabilize the financial markets and promote economic recovery. These actions have helped the country make significant strides towards rebuilding economic stability, though the ripple effects of the recession were felt globally.


Related Questions

Which religious order joined the French settlement in Canada and tried to convert the natives to Christianity?
Franciscans
Calvinists
Anglicans
Jesuits

Answers

Answer:

Jesuits.

Explanation:

The Jesuits did establish in New France (Canada) a big number of misioner charges from 1634 to 1760.

Part of the history explain that for over 450 years jesuits priests and brothers have lived a  fabulous  story of serving the Church in new and unexpected way.

It is not rare because the Universal history that we know explain that the Christianity came from Europe to install in America.

Under Radical Reconstruction, which of the following did former Confederate states not need to do in order to rejoin the Union?

pass the Fourteenth Amendment
pass the Fifteenth Amendment
revise their state constitution
allow all freed men over the age of 21 to vote

Answers

Answer:

allow all freed men over the age of 21 to vote

Explanation:

The Reconstruction is the period that followed the American Civil War, during that time the Union developed a series of policies to reconstruct the nation because of the destruction of war.

The first action the Republican majority took was the First Reconstruction Act that split the South into 5 districts that would have martial law.

During that period, Southern states needed to draft new constitutions that guaranteed African-American men the right to vote and they also needed to ratify the Fourteenth Amendment that guaranteed African Americans equal protection under the law.

Answer: pass the Fifteenth Amendment

What was the primary cause of Bacon’s Rebellion?
former indentured servants wanted more opportunities to expand their territory
African slaves wanted better treatment
Susquahannock Indians wanted the Jamestown settlers to pay a fair price for their land
Jamestown politicians were jockeying for power

Answers

The correct answer is A. Former indentured servants wanted more opportunities to expand their territory

Explanation:

In U.S. history, Bacon's Rebellion refers to a rebellion led by Nathaniel Bacon in 1676 in Virginia. The purpose of this rebellion was to oppose William Berkeley who was the governor of this territory and had not taken a position towards previous attacks from Native Americans to a colonist in Virginia and besides this, had refused to support colonists to attack Native Americans and get their territory as colonist aimed at expanding the territory. Additionally, most of those who revolted were former indentured servants which means they had worked for years against their will, but after their indenture had expired they wanted to get a better position and expand or get territory. Considering this, it can be concluded the primary cause of Bacon's Rebellion was that former indentured servants wanted more opportunities to expand their territory which led to a rebellion as the Governor did not support this.

Final answer:

The primary cause of Bacon’s Rebellion was discontent among the former indentured servants who wanted more land and better protection from Native American attacks.

Explanation:

This rebellion took place in 1676 in the Virginia Colony, led by Nathaniel Bacon against the ruling Governor, Sir William Berkeley. At the time, there was tension between the colonial frontiersmen, who were often former indentured servants, and the gentry class who held political power. The frontiersmen believed that Governor Berkeley was not doing enough to protect them from Native American attacks, and they also wanted more land to be opened up for settlement. This led Bacon, a member of the colonial gentry himself but a sympathizer with the frontiersmen, to lead what is now known as Bacon’s Rebellion.

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Describe Alexander Hamilton’s plans to address the nation’s financial woes. Which aspects proved most controversial, and why? What elements of the foundation Hamilton laid can still be found in the system today?

Answers

Answer:

Alexander Hamilton wanted to "assume state debt and establish a national bank". However, his plan would have the government assume state's debt which would benefit where Hamilton sat politically, which was obviously quite controversial. As well as this it was really long, so most people didn't understand it.

Hamilton also argued that centralized debt would ease the flow of capital through the new nation.

Explanation:

Just listen to cabinet battle #1 from the Hamilton musical.

Hamilton planned to create a National Bank, which would be called the First Bank of the United States.

For Hamilton, the creation of this bank would be beneficial because it would allow the centralization of national credit and let the federal government handle the debts of the states.

This plan was controversial because:

The Constitution did not provide for the creation of a central bank.This made the central bank unconstitutional, that is, outlawed.The states believed that this would be dangerous, that it would give too much power to the federal government and that it would weaken the states.

The existence of national credit and Central Bank was something positive in Hamilton's plan and we can see these two elements even today.

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What is the document that provides the structure for the US government?

Answers

Answer:

The constitution

Explanation:

Its the founder of the american government also.

What were the values of the middle class? How did they differ from the values of those above and below them on the socioeconomic ladder? In what ways are these values similar to or different from those held by the middle class today?

Answers

The creation of distinctive classes in the North drove striking new cultural developments. Even among the wealthy elites, northern business families, who had mainly inherited their money, distanced themselves from the newly wealthy manufacturing leaders. Regardless of how they had earned their money, however, the elite lived and socialized apart from members of the growing middle class. The middle class valued work, consumption, and education and dedicated their energies to maintaining or advancing their social status. Wage workers formed their own society in industrial cities and mill villages, though lack of money and long working hours effectively prevented the working class from consuming the fruits of their labor, educating their children, or advancing up the economic ladder.

The correct answer to this open question is the following.

Social classes began to be more notorious in the US society when industrialization in the North region became the dominant driver of the economic force. Wealth started to be distributed unequally among members of society that started to live by different standards. It also included their view about social issues such as slavery. Wealthy families associated with other rich families to protect their economic interests. Meanwhile, the middle class, formed by merchants and artisans, worked daily to maintain a decent level of living. So they based their results in hard work, preparation, and persistence. They couldn't afford a day off because they feared that they could lose their small business and fall to the low-class level, where workers earned low wages and suffered to make a living. If we are honest, not much has changed since those days, compared to what we era living now in modern classy society, where just a small number of wealthy families possess 80% of the wealthiness, while the majority of the people try to make a living with the rest 20%.

An invasion by the
in the thirteenth century marked the downfall of the Seljuk dynasty.
Bantu
Berber Muslims
Mongols
Abbasids

Answers

Berber Muslims
Or
Abbasids

Answer:

Beber muslims is the answer

Truman referred to his program of economic and social reform as the ________.

New Deal
Square Deal
Fair Deal
Straight Deal

Answers

Answer:C

Explanation:Fair deal

Final answer:

President Truman referred to his economic and social reform programs as the Fair Deal, which aimed to build upon and go beyond Roosevelt's New Deal.

Explanation:

Truman referred to his program of economic and social reform as the Fair Deal. The Fair Deal was an extension and expansion of the policies of the New Deal by Franklin D. Roosevelt. It was designed to establish a federal minimum wage, expand Social Security and public housing, and prohibit child labor.

Truman also sought to advance civil rights, taking steps such as desegregating the armed forces and addressing the National Association for the Advancement of Colored People (NAACP). However, Truman's attempts at expanding the welfare state, including a health insurance plan, faced opposition from various sectors.

Texas won its independence from Mexico in ________.

1821
1830
1836
1845

Answers

Answer:

i think it's the 1830s, try that

Texas won its independence from Mexico in 1836. Hence the correct option is c.

Texas won its independence from Mexico in 1836 following the Texas Revolution. The conflict erupted over issues such as cultural and political differences between Texan settlers and the Mexican government, which had centralized power and imposed policies that sparked discontent. The Texan forces, led by figures like Sam Houston, achieved a significant victory over Mexican troops at the Battle of San Jacinto on April 21, 1836.

This triumph resulted in the capture of Mexican General Santa Anna and paved the way for the establishment of the Republic of Texas, as Mexico officially recognized Texas's independence through the Treaties of Velasco. The Republic of Texas existed as an independent nation until its annexation by the United States in 1845. Hence the correct option is c.

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Which of the following did not characterize political changes in the 1830s?

higher voter participation
increasing political power of free black voters
stronger partisan ties
political battles between Whigs and Democrats

Answers

The answer is B, increasing political power of free black voters.

Not characterize political changes in the 1830s increasing political power of free black voters

What is social and political change?

Social change refers to changes in the political or economic context of societies which affect the vast majority of the population, albeit not necessarily in a uniform way.

What are social changes examples?

Well known examples of such change have resulted from social movements in civil rights, women's rights, and LBGTQ rights, to name just a few. Relationships have changed, institutions have changed, and cultural norms have changed as a result of these social change movements. That's pretty heady stuff.

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Which culture developed a road system rivaling that of the Romans?
Cherokee
Inca
Olmec
Anasazi

Answers

Answer:

Inca

Explanation:

The Incas developed a road system that rivaled the Roman road system. The Inca road system formed a network of roads that were called “royal highway”, they facilitated the movement of armies, people and goods.

The roads included bridges, causeways, stairways and small stations. There are more than 40 thousand km that run north to south the Inca Empire, today they spread from Pery, Ecuador, Chile, Bolivia, and Argentina.

What was one of Japan's primary goals during WWI


1) expand its influence through Asia

2) to remain neutral and trade with Europe

3) to protect its territories from Chinese aggression

4) to prevent communism from spreading in Asia

Answers

Answer:

answer is number 1

Explanation:

The answer to this question is 1

The largest group of whites in the South _______.

owned no slaves
owned between one and nine slaves each
owned between ten and ninety-nine slaves each
owned over one hundred slaves each

Answers

The first one, owned no slaves.

Final answer:

The largest group of whites in the South during the slavery period in the United States did not own any slaves. Slave ownership was not common since slaves were a status symbol and a sign of wealth. Therefore, although there was a portion of whites owning slaves, the majority did not.

Explanation:

The largest group of whites in the South during the period of slavery in the United States owned no slaves. It is important to remember that ownership of slaves was not widespread among all whites in the South. The majority could not afford to own slaves since they were considered a status symbol and wealth indicator. While some whites did own between one and ninety-nine slaves each and a very small minority owned over one hundred slaves each, the prevalent group was non-slave owning whites.

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Texans defeated the army of General Antonio Lopez de Santa Anna at the battle of ________.

the Alamo
San Jacinto
Nacogdoches
Austin

Answers

Answer:

San Jacinto

Explanation:

The Battle of San Jacinto was the battle which the Mexican army was defeated by the Texans led by General Sam Houston. It was fought among the San Jacinto River next to the site where the city of Houston is located today. During this battle, 600 Mexicans were killed and 700 captured.

Answer:

The Correct answer is San Jacinto

Explanation:

The Battle of San Jacinto only lasted for 18 minutes and Santa Anna lost his hundreds of Man while Texans only lost their ten soldiers.This was the last battle that declared the end of the war and Santa Anna was caught and kept in prison and he was forced to sign the treaty of peace by saying that Mexican troops left Texas.The reason why Santa Anna lost because he started the frontal assault and did not called back his soldiers when they were getting killed.

 

Which of the following philosophers would most likely support taxing income to redistribute wealth to the poor? Adam Smith David Ricardo Thomas Malthus John Stuart Mill

Answers

Answer:

David Ricardo

Explanation:

Which of the following brought about the final settlement of the official boundary lines of the state of Texas? the peace treaty of the Mexican-American War the 1845 act signed by the president that made Texas a state the reincorporation of Texas at the end of the Civil War the Compromise of 1850

Answers

Answer: Well even though there are no answer choices, I do believe the answer to this question is the compromise of 1850.

Explanation: I do remember learning upon this topic and i remember answering a similar question. I hope this helps you :)

Why did some Central American nations object to Taft’s paying off their debt to Europe with U.S. dollars?

because American currency wasn’t worth as much as local currencies
because they felt it gave the United States too much leverage
because they were forced to give land grants to the United States in return
because they wanted Asian countries to pay off their debts instead

Answers

Answer:

Because they felt it gave the United States too much leverage

Explanation:

Dollar Diplomacy was a foreign policy adopted by William Howard Taft, this policy aimed to use the threat of American economic clout to coerce countries into agreements that benefited the US. At that time, several Central American nations owned to various countries of Europe, because of that, Taft paid these debts with US Dollars, which made these countries become in debt with the United States, many nations resisted the agreement, but the US was so powerful that the president forced the agreement by using the military to support some revolts into the countries.

Who wrote the Declaration of the Rights of Woman and the Female Citizen?
Marie Antoinette
Mary Wollstonecraft
Olympe de Gouges
Marquis de Lafayette

Answers

Olympe de Gouges wrote the Declaration of the Rights of Woman and Female Citizen. She was an activist,playwright, and feminist.
Olympe de Gouges would be the answer

What were the elements of Ronald Reagan’s plan for economic reform?

Answers

Answer:

The elements were relationed with reduce taxes.

Explanation:

During the Ronald Reagan Government he had to apply a economic reform ( t was called " Reagan Revolution" which had the following elements:

1)  Reduce government spending.

2) Taxes. Referred to the Federal income and capital gains  tax.

3)  Reduction of Government Regulation.

4)  Tight the offer of Money.

Answer:

Lowering income taxes

Explanation:

Hope this helps!!

What investment banking firm went bankrupt in 2008, signaling the beginning of a major economic crisis?

CitiBank
Wells Fargo
Lehman Brothers
Price Waterhouse

Answers

Answer:

The investment banking firm that went bankrup in 2008, signaling the beginning of the Great Recession, was Lehman Brothers.

Explanation:

Lehman Brothers Holdings Inc. was a global financial services company of the United States founded in 1850. It stood out in investment banking, management of financial assets and investments in fixed income, commercial banking, investment management and banking services in general. Before declaring bankruptcy on September 15, 2008, Lehman Brothers was the fourth largest investment bank in the United States (after Goldman Sachs, Morgan Stanley and Merrill Lynch) and had 680 billion US dollars in assets.

How did Pennsylvania’s Quaker beginnings distinguish it from other colonies in British America?

Answers

The main differences from Quaker colony to others in British America was that they believed in religious freedom and that any religious minority could worship freely without fear of being persecuted, jailed or killed. This made this colony become an ethical and religiously diverse colony because it attracted religious minorities with open-minded citizens.

One of the main differences was that the Quaker colony had a pure democracy, one did not have to own property to vote or participate in politics. It was also the first abolitionist colony,

Which of the following islands had to be captured in order to provide a staging area for U.S. bombing raids against Japan?

Sakhalin
Iwo Jima
Molokai
Reunion

Answers

Answer:

Iwo Jima

Explanation:

Iwo Jima is an island that is located 750 miles off the coast of Japan and it had three airfields that could serve as a staging facility for a potential invasion of mainland Japan.

Because of that American forces invaded the island on February 19th of 1945, this invasion caused the Battle of Iwo Jima that lasted 5 weeks, it was one of the bloodiest battles in WWII.

What were the benefits and drawbacks of the Fifteenth Amendment?

Answers

The 15th Amendment was the one that extended the right to vote to black men. The main benefit of the amendment is that it gave freed slaves and free blacks a civic right and a politic power that they did not have before. With this, many African American Congressmen were elected.

But the drawback of the Amendment is that it still excluded women from voting.

The Fifteenth Amendment to the U.S. Constitution was the third and last of the Reconstruction Amendments. This gave all African Americans the right to vote.

The benefit of the amendment was the fact that it allowed all men to vote, which gave former slaves the chance to participate more actively in the government.

However, the amendment also had some drawbacks. It led to the implementation of laws that created barriers to voter registration, making the amendment inneffective. Moreover, the amendment did not include women, who only won the right to vote with the passage of the Nineteenth Amendment.

What were American women’s contributions to the war effort?

Answers

Women often served as nurses or non-combat roles like army cops, in hospital units on the front line.

Also, because most of the men were in the army, women took over jobs that were available in factories, government departments, and farms. The best-known work done by women were in the munitions factories, thousands of women worked for the government and privately owned factories.

Final answer:

American women made significant contributions to the war effort by entering the labor force, serving in the military, and working in various roles to support the war. They took up jobs traditionally held by men and contributed to industries, offices, and civil service. Women also played key roles in healthcare and served in humanitarian organizations.

Explanation:

American women made significant contributions to the war effort during World War II. They entered the labor force, taking up roles in industries and offices that were traditionally held by men. They also served in the military as nurses and telephone operators, as well as in humanitarian organizations such as the Red Cross. Additionally, women worked in civil service jobs, as chemists, engineers, and even as pilots in the Women's Airforce Service Pilots (WASPs).

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Compare and contrast European and Indian views on property.

Answers

The Europeans and the Indians had different attitudes when it came to the property of the land. The Europeans looked at the property as owned by them in every manner. They were not taking in consideration the damage they can do to it, as well as to the environment, and its long term well-being. Also, the Europeans were not only using their land for producing food for themselves, but they also used for planting crops that were not even for eating, but they for sale. The Indians, on the other hand, viewed the property as part of the nature, and they saw the nature as their mother, as it was providing them with everything for their survival. The Indians only used the land for gaining enough food for their needs, nothing more, and they were trying to make it as sustainable as possible.

Final answer:

European views on property were based on private ownership influenced by a Christian worldview, while Native American views were communal without the practice of private ownership, leading to conflicts as Europeans colonized the Americas.

Explanation:

The concept of property and land ownership represented one of the fundamental differences between European and Native American societies. Native American views on property were communal, with land and its resources seen as available to all members of the tribe. They did not practice private ownership, rather they moved seasonally, following the availability of natural resources. In contrast, Europeans had a strong sense of private land ownership, heavily influenced by their Christian worldview, which viewed land as a source of wealth to be utilized and subdued. This belief led to building houses, defining fields, and erecting fences, thereby limiting the movement of Native tribes and causing conflicts. As European settlers established colonies in the Americas, they implemented their concept of land ownership, leading to significant changes in the indigenous way of life. European goods and weapons influenced Native American societies, altering their ways of war and trade. With the continuous influx of settlers, disputes over land use and resources intensified, often resulting in warfare and significant losses for the Native populations. The Europeans' lack of recognition for the natives' land-use practices, such as the lack of fences, and the consequential treatment of European livestock as wildlife, exacerbated these conflicts.

The Scopes Monkey Trial revolved around a law that banned teaching about ________ in public schools.

the Bible
Darwinism
primates
Protestantism

Answers

The answer is Darwinism
Final answer:

The Scopes Monkey Trial revolved around a law that banned teaching about Darwinism in public schools.

Explanation:The Scopes Monkey Trial: Teaching Darwinism in Public Schools

The Scopes Monkey Trial revolved around a law that banned teaching about Darwinism in public schools.

In 1925, the state of Tennessee passed the Butler Act, which made it illegal to teach any theory that denied the biblical account of creation, including the theory of evolution. John Scopes, a high school teacher, deliberately violated this law by teaching about human evolution.

The trial attracted national attention, with renowned lawyers like Clarence Darrow and William Jennings Bryan arguing their respective positions. Ultimately, Scopes was found guilty and fined $100, but the case marked a significant moment in the ongoing debate between biblical creationism and the teaching of evolution in public schools.

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What was the primary issue of Adams’s presidency?

war with Spain
relations with the native population
infighting within the Federalist Party
relations with France

Answers

Answer:

relations with France ( last choice)

how did Japan change as a result of the great depression

Answers

Answer: Japan went through the deflation phenomenon  

During the great depression the Japanese economy was also affected by the combination of a financial and stock market crisis and by the decrease of its exports.

This resulted in lower prices, as the owners of companies realized that their production and cash capacities were too great and their debts too important. Therefore, they stopped investing and prices and wages began to decrease.

Along with this fall in prices came the shortage of jobs and the fall in real estate prices, and the Japanese stopped investing in the stock market and preferred to physically save their money.

The name of the first manmade satellite, launched by the Soviet Union in 1957, was ________.

Triton
Cosmolskaya
Pravda
Sputnik

Answers

Answer:

D) Sputnik

Explanation:

The name of the first man-made satellite, launched by the Soviet Union in 1957, was Sputnik. Hence, option D is correct.

What is the significance of a satellite?

A satellite is a device or a machine, which is sent to the outer space in order to send and receive signals of multiple information or data directly to the source receiving point.

A number of countries' space organizations have made their own satellites. However, the first ever man-made satellite was made by Russia. It was named Sputnik.

Hence, option D is correct regarding a satellite.

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Which of the following was not a reason the United States was reluctant to annex Texas?

The United States did not want to fight a war with Mexico.
Annexing Texas would add more slave territory to the United States and anger abolitionists.
Texans considered U.S. citizens inferior and did not want to be part of their country.
Adding Texas would upset the balance between free and slave states in Congress.

Answers

Final answer:

The correct answer to the question 'Which of the following was not a reason the United States was reluctant to annex Texas?' is C. Texans considered U.S. citizens inferior and did not want to be part of their country.

Explanation:

The United States was reluctant to annex Texas for several reasons, but one of the reasons that was not a factor was Texans considering U.S. citizens inferior and not wanting to be part of their country. The other three options listed were indeed reasons for the United States' reluctance:

The United States did not want to fight a war with Mexico: Annexing Texas would almost certainly lead to a war with Mexico, which the United States wanted to avoid.Annexing Texas would add more slave territory and anger abolitionists: Adding Texas to the United States would expand slavery, which was a contentious issue at the time, and would anger abolitionists who were against the expansion of slavery.Adding Texas would upset the balance between free and slave states in Congress: By adding Texas as a slave state, it would upset the balance between free and slave states in Congress, which could lead to further conflicts over the issue of slavery.

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