What happens if interest rates fall?

What happens if interest rates fall? Because higher interest rates mean higher borrowing costs, people will eventually start spending less. Conversely, falling interest rates can cause recessions to end. When the Fed lowers the federal funds rate, borrowing money becomes cheaper; this entices people to start spending again. When rate of interest falls level of […]

Who were the two most popular swing composers?

Who were the two most popular swing composers? Although several Black orchestras—e.g., those of Basie, Ellington, Chick Webb, and Jimmie Lunceford—became famous during the period, the swing era was in the main a white preserve whose outstanding bandleaders included Benny Goodman, Harry James, Tommy and Jimmy Dorsey, and Glenn Miller. Who was a famous swing […]

What economy was based on manufacturing?

What economy was based on manufacturing? The new manufacturing economy (NME) describes the role of advanced manufacturing in the rise of the New Economy. The term describes manufacturing enabled by digital technologies, advanced systems and processes and a highly trained and knowledgeable workforce. What is a manufacturing economy? Manufacturing is the processing of raw materials […]

Is Halloween Christian or pagan celebration?

Is Halloween Christian or pagan celebration? Halloween may be a secular affair today, dominated by candy, costumes and trick-or-treating, but the holiday is rooted in an annual Celtic pagan festival called Samhain (pronounced “SAH- wane”) that was then appropriated by the early Catholic Church some 1,200 years ago. Which pagan holiday is the basis of […]

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