The postwar debt crisis grew from the South Atlantic system due to heavy borrowing, poor economic investments, Western financial policies promoting borrowing, and finally, the borrowing of bailout money leading to severe austerity measures.
The postwar debt crisis grew out of the South Atlantic system in a series of steps. The first was through the economic conditions in large economies in Latin America such as Mexico and Brazil, which ran large trade deficits and borrowed heavily in the 1970s. These countries didn't effectively use the influx of financial capital to boost productivity which led to difficulties in repayment when economic conditions changed in the 1980s.
The second contribution was from African nations that also borrowed foreign funds in the 1970s and 1980s but then faced large interest payments due to insufficient investment in productive economic assets. The inability to show economic growth for the borrowed funds also contributed to the debt crisis.
Thirdly, the financial policies of the West, primarily the United States, contributed as well to this crisis. Effort was made to ensure the growth and restructuring of the Western European and Japanese economies after the Second World War, leading to an international inflow of money that allowed for intense borrowing at low interest rates. This created large deficits and raised the debt levels of the US and other Western countries.
Lastly, the bailout money in response to the economic downturn was often borrowed, pushing countries into high deficits, and then into austerity measures like large decreases in government spending and tax increases. Countries like Greece, Ireland, Spain, and Portugal had to undertake these severe austerity measures and thereby further extending the debt crisis.
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The postwar debt crisis grew out of the South Atlantic system due to international borrowing and deficits in balance of payments. This led to austerity measures and widespread ramifications.
The postwar debt crisis grew out of the South Atlantic system due to the international inflow of money to the United States and the high levels of borrowing. This borrowing created huge deficits in the balance of payments, with debts equivalent to 5 percent of the country's gross domestic product (GDP).
With respect to this, the borrowing and resulting deficits led to unsustainable high deficits in many countries, which then chose to undertake austerity measures to reduce their deficits. This crisis had widespread ramifications, with economists even questioning the viability of the euro.
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In 1798 the United States stood on the brink of war with France. The Federalists believed that Democratic-Republican criticism of Federalist policies was disloyal and feared that aliens living in the United States would sympathize with the French during a war. As a result, a Federalist-controlled Congress passed four laws, known collectively as the Alien and Sedition Acts. These laws raised the residency requirements for citizenship from 5 to 14 years, authorized the President to deport aliens, and permitted their arrest, imprisonment, and deportation during wartime. The Sedition Act made it a crime for American citizens to "print, utter, or publish . . . any false, scandalous, and malicious writing" about the Government.
The laws were directed against Democratic-Republicans, the party typically favored by new citizens, and the only journalists prosecuted under the Sedition Act were editors of Democratic-Republican newspapers. Sedition Act trials, along with the Senate’s use of its contempt powers to suppress dissent, set off a firestorm of criticism against the Federalists and contributed to their defeat in the election of 1800, after which the acts were repealed or allowed to expire. The controversies surrounding them, however, provided for some of the first testings of the limits of freedom of speech and press.
The outcome of the Spanish-American War (resulting in a US victory) made it so that the people of Cuba & Puerto Rico came under the US rule as procterates. This meant that while they aren't "colonies", they were under the US government & had to obey US rules.
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Lake Victoria, located in the Sahara, is Africa’s smallest lake.
B.
Mount Kilimanjaro is the highest peak in Africa.
C.
The Nile, the second largest river in the world, flows south.
D.
Timbuktu is located along the Niger River in Mali.
E.
The Sahara, the largest desert in the world, covers almost one third of the African continent.