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tierann3050
28.11.2019 •
History
The savings and loan crisis in the 1980s was a result of
- the cost of the military
- the federal budget surplus
- the number of new taxes
- the number of failing banks
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Ответ:
Honestly these four aren't great examples of why we had the crisis. If i had to choose it would be D
Ответ:
- the number of failing banks
Explanation:
The savings and loans crisis of the 1980s was the failure of about 747 of the 3,234 savings and loan associations in the United States. A savings and loans or "second hand" financial institution is an institution that accepts savings deposits and makes mortgages, and other personal loans to individual members of a cooperative enterprise known in the United Kingdom as a Real Estate Loan Company. "As of December 31, 1995, the Resolution Trust Corporation estimates that the total cost for the resolution of the 747 bankrupt institutions was $ 87.9 billion." The rest of the rescue plan was paid for charges to the savings and loan accounts that contributed to the large budget deficits of the 1990s.
Ответ:
C. very few retired Americans had a guaranteed income.
Explanation:
The Social Security Act of 1935 brought into the effect by President Roosevelt on 14th August 1935. It was initially created to reduce the unemployment but now it works primarily as a safety net for retirees(old people), disability insurance and provide benefits to the dependents of taxpayers and survivors.