B) has largely restored the full-time jobs lost during the recession.
Which of the following events would have caused such a decrease? causes of the great depression overproduction, crisis in farming, rising gap in rich and poor, stock market, stock market triggers banking crisis, federal reserve, hawley …
The primary cause of the Great Depression was a decrease in aggregate demand.
a. a large number of bank failures b. an increase in international trade
Start studying The Great Recession. Great Recession, economic recession that was precipitated in the United States by the financial crisis of 2007–08 and quickly spread to other countries. (Last Word) Growth in employment since the Great Recession A)increased rapidly so that wages in 2015 were substantially higher than the prerecession wages. In 1932, the country elected Franklin D. Roosevelt as president. Beginning in late 2007 and lasting until mid-2009, it was the longest and deepest economic downturn in many countries, including the United States, since the Great Depression (1929–c. -with growing ability to observe rich living standardsFannie Mae= Federal National Mortgage Association (1930s)allowed adjustable rate mortgages, merging of commercial banks (that issue home loans) and investment banks (that make risky investments reserved for Wall Street brokerage firms)Why did Fannie Mae and Freddie Mac appear safe? Learn vocabulary, terms, and more with flashcards, games, and other study tools. Learn vocabulary, terms, and more with flashcards, games, and other study tools. 1939).. What Ended the Great Depression.
C)has favored younger workers over older workers, as employers could hire younger workers for less pay. overproduction, crisis in farming, rising gap in rich and poor, stock market, stock market triggers banking crisis, federal reserve, hawley-smott tariffreduced demand on same supply, foreclosing on farms and down on the farmerspeople borrow money for stocks and stock prices lower in the process, thus people lose moneybanks setting interest based on discount rate ---> made discount rate higherkept money out of economy---> hurts growth of economyfocusing on domestic issues, prosperity at home, lower taxes, lower federal spending, focus on US not world affairsincreased spending on public works (keynesian economics), raise taxes (social welfare programs), government aid to businessemployment goes to total spending goes to gov.
spending, consumer spending, business spending (up spending, up employment- down spending, down employment)enhanced government role in Americans lives, Americans right to economic safetyright to a job, adequate wages, decent home, medical care, good educationmargin buying contributes to stock speculation+collapse of stock marketw/ margin buying people can invest more than they have by borrowing money (most don't have money to back it up), are speculating the market will go up as it has beenwhen things go downhill, people become in debt, are over-leverged themselves and are in debtclosed all banks, banks examined to make sure they were okay to reopenFederal Depository Insurance Corp. (FDIC)/Glass-Steagall Banking ActFDIC= insurance for your saving (250,000), GSA= separated commercial banks and investment banksgoal to reduce crop surplus to increase prices, farmers paid a subsidy to plant lesseconomic development in Tennessee Valley flood control electrification farmer educationunmarried men 17-23, unskilled manual labor- conservation jobs paid $30-->$5 worker, $25 familyGovernment funding of construction projects, jobs for writers, artists, etc.Manual labor jobs: construction focused on building, bridges, etc.old age pension system, payments if disabled, paid by payroll tax (6.2% employee+ 6.2% employer)reduce unemployment w/ jobs in local/state government
Start studying Great Recession. And what were the conflicting mandates?appeared to be safe investments because Fannie Mae and Freddie Mac are privately owned but sponsored by the governmenthome prices rise 60% from 1997 to 2006, interest rates kept low, creation of new forms of mortgage backed securities (seen as safe bet because history of US real estate), housing securities overrated by credit rating agenciesdefaults on subprime mortgages rose to 20%, firms such as Lehman Brothers go bankrupt (not enough cash on hand to cover debts), credit markets seized up, stock market plunged, recession resultedAmerican Recovery and Reinvestment Act = $787 billion on infrastructure, education, health care, tax credits-No one in the financial industry has been held accountable for the crisisHow did the Federal govt temporarily increase transfers in 2009?
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