Who has the final authority over all military matters?
The President of the United States
What caused the economy to recover so rapidly?
What caused the economy to recover so rapidly? Americans had money to spend. Americans were not satisfied with the shortages of goods and rising costs.
How did ww2 help the economy?
America’s involvement in World War II had a significant impact on the economy and workforce of the United States. American factories were retooled to produce goods to support the war effort and almost overnight the unemployment rate dropped to around 10%.
How did economy recover from Great Depression?
The immediate cause of the recession that became the Great Depression was the collapse of private investment. The economy recovered from the Depression only with the advent of World War II which pushed demand for goods and services to the limit of its capacity.
Who is to blame for the Great Recession of 2008?
For both American and European economists, the main culprit of the crisis was financial regulation and supervision (a score of 4.3 for the American panel and 4.4 for the European one).
Who was responsible for great recession?
The Great Recession devastated local labor markets and the national economy. Ten years later, Berkeley researchers are finding many of the same red flags blamed for the crisis: banks making subprime loans and trading risky securities.
What was responsible for the 2008 financial crisis?
Cheap borrowing costs encouraged Americans to load up on debt to buy homes, even when they had no savings, no income and no job prospects. These so-called sub-prime borrowers were the cannon fodder for the biggest boom-bust in US history. The housing collapse brought the global economy to its knees.
Who made money in the 2008 financial crisis?
John Paulson His hedge fund firm, Paulson & Co., made $20 billion on the trade between 2007 and 2009 driven by its bets against subprime mortgages through credit default swaps, according to The Wall Street Journal. Paulson’s personal earnings were about $4 billion in that time period.
How could the financial crisis of 2008 be avoided?
Two things could have prevented the crisis. The first would have been regulation of mortgage brokers, who made the bad loans, and hedge funds, which used too much leverage. Regulation could have softened the downturn by reducing some of the leverage. It couldn’t have prevented the creation of new financial products.