Why did the financial crisis of 2008 come as a shock? What effects, if any, did legislative policies of the 1990s have in steering America towards financial crisis in 2008?
Evaluate the role and practices of many of America's leading financial investment firms and how lax regulation led to financial disaster.
Answer: An ideal answer will:
1. Discuss how events of the 1990s allowed America's economy to boom for nearly two decades.
2. Discuss and analyze the importance of the Glass-Steagall Act, in particular when and why was it created and what did it intend to prevent.
3. Discuss the importance of Congressional repeal of part of the Glass-Steagall Act and its effect on America's financial institutions.
4. Discuss and analyze the consequences of business practices by some of America's leading financial institutions as a result of more freedom to speculate.
5. Discuss the new vision of how banks perceived and handled home mortgages leading to the ultimate goal of bigger profits.
6. Write a concise and effective conclusion.
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Who among the following was NOT a strong Federalist?
a) Washington b) Hamilton c) Madison d) Jefferson
The Alliance for Progress was formed for what purpose?
A) to break the European boycott of Latin American goods B) to improve the quality of life and strengthen democracies in Latin America C) to unite the Latin American countries politically D) to allow the United States access to Latin American economies E) to establish communist governments in Latin America
The development of the Spartan social system was based on the need to __________.
A. prevent revolts by the Helots B. expand the Spartan state into northern Greece C. thwart the rise of powerful aristocrats D. defend from invasion by people migrating southward
Examine the reign of Süleyman the Magnificent. How large of an empire did he conquer? How was he able to build an empire that large? How powerful and wealthy was he? Discuss the magnificence of his court.
What will be an ideal response?