Pls answer How does the description of the government's intervention in the Great Depression contribute to the development of ideas in the text?
Answers
Answer:
The Great Depression was caused by government intervention, above all a financial system controlled by America’s central bank, the Federal Reserve — & the interventionist policies of Hoover & FDR only made things worse.
The precise causes of the Great Depression remain a subject of debate, although, as economist Richard Timberlake observed n 2005, “Virtually all present-day economists... deny that a capitalist free-market economy n any way caused” it.
At the time, however, the free market was blamed, with much of the ire directed at bankers & speculators. Financiers were seen as having wrecked the economy through reckless speculation. President Hoover came to be viewed as a laissez-faire ideologue who did nothing while the economy fell deeper & deeper into depression, & Franklin D. Roosevelt’s interventionist policies under the New Deal were credited with rescuing us from disaster.
Americans came to conclude that the basic problem was the free market & the solution was government oversight & restraint of financiers & financial markets. It’s a view that the public, unaware of the consensus of modern economists, continues to embrace.
But the conventional story ignores the elephant n the room: the Federal Reserve. To place the blame for the Great Depression on a free financial system is like placing the blame for the fall of Rome on credit default swaps: you can’t fault something that didn’t exist. & by the time of the Great Depression, America’s financial system was controlled by the Fed.
It’s hard to overstate the importance of this fact. The Federal Reserve isn’t just any old government agency controlling any old industry. It controls the supply of money, & money plays a role n every economic transaction n the economy. If the government takes over the shoe industry, we might end up with nothing but Uggs & Crocs. But when the government messes with money, it can mess up the entire economy.
The two deadly monetary foes are inflation & deflation. We tend to think of inflation as generally rising prices & deflation as generally falling prices. But not all price inflation or price deflation is malignant — & not all price stability is benign. What matters is the relationship between the supply of money & the demand for money — between people’s desire to hold cash balances & the availability of cash.
Economic problems emerge when the supply of money does not match the demand for money, i.e., when there is what economists call monetary disequilibrium. Inflation, on this approach, refers to a situation where the supply of money is greater than the public’s demand to hold money balances at the current price level. Deflation refers to a situation where the supply of money is less than necessary to meet the public’s demand to hold money balances at the current price level.
N a free banking system, as George Selgin has argued, market forces work to keep inflation & deflation in check, i.e., there is a tendency toward monetary equilibrium. Not so when the government controls the money supply. Like all attempts at central planning, centrally planning an economy’s monetary system has to fail: a central bank has neither the knowledge nor the incentive to match the supply & demand for money. & so what we find when the government meddles n money are periods where the government creates far too much money (leading to price inflation or artificial booms & busts) or far too little money (leading to deflationary contractions).
& it turns out there are strong reasons to think that the Great Depression was mainly the result of the Federal Reserve making both mistakes.
The goal here is not to give a definitive, blow-by-blow account of the Depression. It’s to see in broad strokes the way in which government regulation was the sine qua non of the Depression. The free market didn’t fail: government intervention failed. The Great Depression doesn’t prove that the financial system needs regulation to ensure its stability — instead it reveals just how unstable the financial system can become when the government intervenes.
Related Questions
Why did the location of Cairo make it the center of culture and civilization?
Answers
Answer:
It is close to the end of the nile river
Explanation:
Egypt is known to be a good location for civilization. The location of Cairo make it the center of culture and civilization is due to the fact that Ancient Egyptian civilization growth was mostly due to its ability to withstand the conditions of the Nile River valley for agriculture.
There is known to be a lot of flooding and controlled irrigation of the fertile valley of the banks of the Nile which is often used to produced surplus crops and it also supported a lot of dense population, social growth and culture.
The topography of ancient Egypt is known to aid agricultural growth as agriculture is said to be dependent on the location of natural features.
The Nile River is known to be a good source of water for irrigation canals.
Learn more about culture and civilization from
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pls help its a two part question:
Draft your advertisement using the images and text you created in the previous tasks. Select a font that is attractive, unusual, or bold. Make the text colorful and use different sizes. Your title text should grab your reader’s attention. Submit your completed advertisement to your teacher along with this activity.
part two:
With advertisements there is always the possibility that someone might challenge your claims. They might report you as advertising false information. So, you need to be prepared to defend your advertisement when the need arises. Write a paragraph defending your ad. Your paragraph should support the arguments made in your advertisement with strong evidence from reliable sources.
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Please help! I need this question answered ASAP
The executive department with the most important role in foreign policy is the...
Senate
Ambassador
House of Representatives
U.S. Department of State
Answers
Answer:
us department of state
Explanation:
:)
Answer: The Department Of State
Explanation:
The Department Of State is responsible and plays a significantly major role in foreign policies/affairs
Hope this helps :)
What was Washington’s plan towards the war between France and Great Britain
(please help)
Answers
Answer:
General Washington developed the essential strategy to win the war by holding the Continental Army together, fighting only enough to goad the British into errors and by developing that Continental Army into a core professional fighting force that could cover for unreliable state militias, who never could be counted on to "look the enemy in the face."
Explanation:
I majored in Social Studies
URGENT PLS HELP!
"British authorities treated Indians unfairly and used racist reasons to continue colonial rule in
India."
Which sentence from the article provides the BEST support to the statement above?
(A) Rebel soldiers and anti-British civilians also called for the reinstatement of the former Mughal ruler who reluctantly agreed to their demands.
(B) It took a full year for the British to re-establish control over Indian society.
(C) The British were hesitant to give recognition to people they deemed "savage" at worst, and at best "unworthy" of self-governance.
(D) India would not gain independence from British rule until 1947.
Answers
Answer:
DExplanation:
D, because British kept taking their land with out permission and indians could not live Peacefully until they made treaty's
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In a recent political ad, Senator Bob Smith stated, "Like our forefathers, I support smaller government. Too much government leads to less freedom for Americans. As president, I would curb the reach of the federal government."
Which action would most directly help voters in evaluating these statements?
a. Analyze Bob Smith's qualifications to see if he is an expert on constitutional rights.
b. Decide whether Bob Smith seems trustworthy based on news interviews.
c. Listen to reporters' opinions on the claims that Bob Smith makes about the founders of the country.
d. Review Bob Smith's voting record on issues related to increasing government programs and regulations.
Answers
Answer:
I think the correct answer would be A or D
ASAP PLS ANSWER: How is Black Lives Matter continuing the fight for racial justice for African Americans?
Answers
Answer:
The legacy of slavery and Jim Crow laws have left a residue of systemic racism in the United States that has devalued the lives of African Americans. Black Lives Matter (BLM), a social movement rooted in the collective, and individual, experience of black people in this country, encourages active resistance to the continuing dehumanization and devaluation of their lives. Like other movements that preceded it, such as the Tea Party Movement, and Occupy Wall Street, “Black Lives Matter is anchored in the physical occupation of public space and amplified by social media.” As a grassroots organization, Black Lives Matter has grown from a hashtag to a network that now encompasses over 30 chapters in the United States and other countries. Building on strategies used by the Civil Rights Movement in the 1960s, BLM engages in nonviolent direct action to bring attention to police killings and abuse of African Americans.
There is a continuous struggle for human equality for African Americans in the United States. The Black Lives Matter Movement also confronts some of the same issues that previous black liberation movements addressed: black people are seen as criminal, and black bodies as expendable. Both movements have been opposed to racism and systemic oppression. Many see BLM as the new civil rights movement. That movement, from 1954 to 1965, demanded basic equality for African Americans. Black Lives Matter has focused on police abuse of African Americans. To that end, it is instructive to examine the similarities and differences between the Civil Rights Movement and the Black Lives Matter Movement.
Explanation:
Although Thomas Jefferson believed in equality, he still
A. was poor.
B. owned slaves.
C. respected the king.
D. thought women should vote.
Answers
Answer:
B
Explanation:
thomas jefferson believed in equality, but he still owned slaves.
he was definitely not poor, he didn't really respect the king and he didn't believe women should vote.
Answer:
B
Explanation:
Eh! Can someone help me?
In a recent political ad, Senator Bob Smith stated, "My opponent, Joe Lye, is more interested in playing golf with special interest groups than voting on the issues. In fact, he was only present on 12 of 120 days during the last legislative session. Let's work together to eliminate this kind of waste from our government."
Which of the following is it most important for voters to do in evaluating these statements?
Select one:
a. Check the facts about Smith's claims that Lye was absent.
b. Eliminate Lye from consideration during the election.
c. Ignore the information because the source is not trustworthy.
d. Review Smith's own attendance during the legislative session.
Answers
Answer:
I believe its A or D
what do citizens and businesses decide in mexico?
Answers
The US border with Mexico frequently comes to the fore of political discussions, but what is often overlooked by Americans is the enormous business opportunity represented by Mexico. As the rancor of public policy debate reaches a fever pitch, it’s worth examining the pros and cons of doing business in Mexico.
Explanation:
I hope this helped!!
Answer:
Personal relationships, loyalty, strong hierarchy and status consciousness are the main characteristics of Mexican business culture. Unlike the United States and Canada, the decision-making process remains almost exclusively from the top and no input is expected from junior employees.
Brainliest! Social Studies again!
Answers
1. True
2. True
3. False
4. True
5. False
6. True
Hope this helped. :)
True
False
True
PLEASE HELP ME...
In his 1861 inaugural address, Abraham Lincoln said:
"I have no purpose, directly or indirectly, to interfere with the institution of slavery in the States where it exists. I believe I have no lawful right to do so, and I have no inclination to do so."
Based on this comment, why would the South believe Lincoln was out to end slavery? Research other quotations from Lincoln and post your findings that either supports the inauguration quotation or oppose it.
Answers
Answer:
He didnt want to end slavery but he felt that to get the vote from the people he had to end slavery
Explanation:
The economy of China can best be described as
command.
mixed.
autocratic.
free market.
I don't know if it's command or autocratic. Please help.
Answers
Answer:
China is most likely mixed. present day.
but you could also argue it might be autocratic. because the president or the head of the state has a lot of power.
Explanation:
i'm extremely sorry i put the Explanation up top enjoy.
What were some key events of the Holocaust?
Answers
Answer:
Explanation:
The Holocaust took place in the broader context of World War II. On September 1, 1939, Germany invaded Poland. Over the next year, Nazi Germany and its allies conquered much of Europe. German officials confiscated Jewish property, in many places required Jews to wear identifying armbands, and established ghettos and forced-labor camps. In June 1941, Germany turned on its ally, the Soviet Union. Often drawing on local civilian and police support, Einsatzgruppen (mobile killing units) followed the German army and carried out mass shootings as it advanced into Soviet lands. Gas vans also appeared on the eastern front in late fall 1941.
Answer:
Explanation:
The Holocaust (Shoah) is the term for the murder of around six million Jews by the Nazi regime and their collaborators during the Second World War.
Between 1941 and 1945, the Nazis sought to eliminate the entire Jewish community of Europe. Jews were murdered by death squads called Einsatzgruppen or transported to extermination camps. Six million of the eleven million European Jews perished. The Holocaust mainly occurred in Eastern Europe, in places such as Poland and Ukraine.
The term ‘Holocaust’ can also refer to the orchestrated murder of Roma. Other groups were also targeted by the Nazi regime: disabled people, Soviet Prisoners of War and civilians, Polish civilians, homosexuals, socialists, communists and trades unionists, Freemasons and Jehovah’s Witnesses.
The Nazis did not act alone. Countries which were occupied by the Nazis during the Second World War, such as Lithuania and the Ukraine, assisted the perpetrators.
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Answers
Answer:
I think B
Explanation:
Answer:
ITS D I HOPE THIS HELPED
Analyze this mosaic and write a short description of what you think it is portraying.
Answers
hunting
is what sohwn in the pic
14. Respond to the prompt below in complete sentences. Be sure to respond to BOTH bullet points for full credit.
How did enlightenment thought and writing influence ideas expressed in the Declaration of Independence
- Explain the enlightenment and ideas that were brought up
- Explain how those ideas were used in the American Declaration of independence.
At least 6 sentences
Answers
hi there. I am someone, someone lost. in life.
Which of the following are common sources of surface water?
Select the three correct answers. the questions
bays
gulfs
lakes
rivers
seas
streams
Answers
< PLEASE HELP ME I'LL GIVE BRAINLIEST >
Explain to me in six sentences, what the abolitionist movement was?
Answers
Explanation:
The abolitionist movement was an organized effort to end the practice of slavery in the United States. The divisiveness and animosity fueled by the movement, along with other factors, led to the Civil War and ultimately the end of slavery in America.The abolitionist movement was the social and political effort to end slavery everywhere. Fueled in part by religious fervor, the movement was led by people like Frederick Douglass, Sojourner Truth and John Brown.Abolitionism in the United States was the movement that sought to end slavery in the United States, and was active both before and during the American Civil War. In the Americas and Western Europe, abolitionism was a movement that sought to end the Atlantic slave trade and to free the slaves.
Answer:
Explanation: The abolitionist movement was the social and political effort to end slavery everywhere. The abolitionist movement emerged in states like New York and Massachusetts. Fueled in part by religious fervor. The movement was led by people like Frederick Douglass, Sojourner Truth and John Brown. The divisiveness and animosity fueled by the movement, along with other factors. It led to the Civil War and ultimately the end of slavery in America.
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Answers
Answer:
Answer is C
Explanation:
Answer:
ITS C AND I HOPE THIS HELPED