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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B. It caused massive price deflation in California.
C. It created a serious labor shortage in California.
D. It made San Francisco a very large and diverse city.
Answer:
The correct answer is C. The California Gold Rush did not create a serious labor shortage in California but on the contrary, as it generated a massive expansion of labor in that state.
Explanation:
The California Gold Rush was a social phenomenon occurred in the United States between 1847 and 1855, characterized by the large number of immigrants who came to the vicinity of San Francisco in search of the metal. This phenomenon began near the town of Coloma, when gold was discovered in Sutter's Mill. When the news of the discovery spread, around three hundred thousand people emigrated to California from the rest of the United States and other countries.
The first gold seekers, called forty-niners, traveled to California by ship on the Cape Horn route or in caravans crossing the continent. At first, gold seekers collected gold in streams and riverbeds using simple techniques such as screening, but later developed more sophisticated methods for extracting gold that were adopted throughout the world. Some of these seekers of fortune became millionaires, but most were left with little more of the goods they had when the Gold Rush began.
The effects of this sudden migration were spectacular. Before the gold rush, San Francisco was a tiny village, and with the fever the village it became a city. Schools, roads and churches were built, and other towns were founded. A legal and governmental system was created, which led to the admission of California as a state of the Union in 1850. New means of transportation, such as the steamboat, entered service in the state, and railway lines were laid. The business of agriculture was also started, the second fastest growing item in California.
A. Economic Choice
B. Supply and Demand
Choice
C. Opportunity Choice
Answer:
The answer is letter A, Economic Choice.
Explanation:
Let's check out the differences in the meaning of the choices.
A. Economic Choice- This is done after an economical analysis. This allows you to know the advantages and disadvantages of every choice you make. It involves maximizing the use of a utility due to scarce resources. It also allows you to know whether a particular good or service will be beneficial for you or not and whether the benefits will outweigh the cost.
One example of economic choice is knowing how many pairs of t-shirts you are going to buy for Christmas and whether the cost of buying those t-shirts is worth the benefits the t-shirt will serve, provided that you only have a limited amount of money. So, letter A is the answer.
B. Supply and Demand Choice- This helps determine the prices in the market. For example, if people want to buy blue socks (increase demand) then the shops will increase their supply of blue socks. Supply is directly proportional to demand.
C. Opportunity Choice- This refers to the opportunity cost of a choice, which means the value of the best alternative given up. For example, if you spend your whole day dating your boyfriend, you won't be able to spend that amount of time studying your subjects in school.
The Supreme Court ordered a stop to the recount of votes in Florida and George W. Bush won the presidency although he lost the popular vote describes the events in the 2000 presidential election. Thus, option C is correct.
The 54th quadrennial presidential election in the United States took place on Tuesday, November 7, 2000. The incumbent Vice President Al Gore lost the election to Republican nominee George W. Bush, the governor of Texas and oldest son of the 41st president, George H. W. Bush. It was the first presidential election since 1888—the fourth of five—in which the victorious candidate did not receive a majority of the popular vote.
It is regarded as one of the closest presidential contests in American history, and there has long been debate over the outcome. Due to presidential term restrictions, incumbent President Bill Clinton was unable to seek a third term.
Learn more about 2000 presidential elections here:
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to provide weapons to Allied powers during World War II
to rebuild the economies of postwar European countries
to open a second front in the European theater of World War II
To create nuclear weapons for the United States
Answer:
a
Explanation:
Answer:it was important that the unites states and Britain got the Berlin first because if the Soviet Union got they would have more land and would have a better chance to take over other country's.
Explanation: