Info 209 group project
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The document summarizes the Banking Holiday of 1933 and the Great Recession. During the Banking Holiday from March 6-13, 1933, President Roosevelt closed all banks to prevent further economic problems stemming from bank failures. This was in response to stock market crashes, job losses, and decreased faith in the banking system. Similarly, the Great Recession from December 2007 to June 2009 was caused by the subprime mortgage crisis and resulted in 8.4 million job losses. Both events led to banking crises and were addressed through government intervention like the Emergency Banking Act of 1933 and the Recovery Act of 2009.
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CAR Email 6.7.02 (h)
This document is an email from Samuel A. Thernstrom of the White House Council on Environmental Quality to Phil Cooney, Scott McClellan, and James Connaughton. It forwards an edited version of a letter to the editor of the New York Times regarding a recent article about the administration's climate change report. The letter states that the administration has acknowledged the rise in temperatures and greenhouse gases due to human activity, but also recognizes significant scientific uncertainties. It argues the administration's policies appropriately address climate change given the current scientific understanding.
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CAR Email 6.7.02 (f)
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CAR Email 6.7.02 (h)
This document is an email from Samuel A. Thernstrom of the White House Council on Environmental Quality to Phil Cooney, Scott McClellan, and James Connaughton. It forwards an edited version of a letter to the editor of the New York Times regarding a recent article about the administration's climate change report. The letter states that the administration has acknowledged the rise in temperatures and greenhouse gases due to human activity, but also recognizes significant scientific uncertainties. It argues the administration's policies appropriately address climate change given the current scientific understanding.
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تتميز هذهِ الملزمة بعِدة مُميزات :
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إضغ بين إيديكم من أقوى الملازم التي صممتها
ملزمة تشريح الجهاز الهيكلي (نظري 3)
💀💀💀💀💀💀💀💀💀💀
تتميز هذهِ الملزمة بعِدة مُميزات :
1- مُترجمة ترجمة تُناسب جميع المستويات
2- تحتوي على 78 رسم توضيحي لكل كلمة موجودة بالملزمة (لكل كلمة !!!!)
#فهم_ماكو_درخ
3- دقة الكتابة والصور عالية جداً جداً جداً
4- هُنالك بعض المعلومات تم توضيحها بشكل تفصيلي جداً (تُعتبر لدى الطالب أو الطالبة بإنها معلومات مُبهمة ومع ذلك تم توضيح هذهِ المعلومات المُبهمة بشكل تفصيلي جداً
5- الملزمة تشرح نفسها ب نفسها بس تكلك تعال اقراني
6- تحتوي الملزمة في اول سلايد على خارطة تتضمن جميع تفرُعات معلومات الجهاز الهيكلي المذكورة في هذهِ الملزمة
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Jemison, MacLaughlin, and Majumder "Broadening Pathways for Editors and Authors"
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Info 209 group project
- 1. Banking Holiday of 1933 & Great Recession Team Library of Four: Dong Hun Lee, Marcel McKinney, Junyun Wu, Aaliyah Simone Walker
- 2. Banking Holiday of 1933 ● Dates o Economical issues as to where the banks were forced to close to prevent further economical scarce. o President Roosevelt, Monday of March 6, 1933 and ended Mar. 13 1933. o the Emergency Banking Act (Mar.9 1933), the Glass-Steagall Act(June 16 1933) ● Cause and Effect o Stock crash & Jobs loss o Less faith in paper money o Bank crisis o Suspension of banking transactions for an entire week o Nationwide unpaid banking holiday
- 3. Great Recession ● Dates o Started Dec. 2007 Ended June 2009 o Stimulus Package (Feb 13th 2008) o Recovery Act (Feb 17th 2009) ● Cause and Effect o 8.4 million jobs loss o Subprime mortgages ● Response o Keynesian theory adopted
- 4. Comparison ● Stock bubble / Housing bubble ● Job losses, people gave up their mortgages, banks declared bankruptcy ● Bank Crisis / Subprime Mortgage Crisis ● Nationwide / worldwide ● Emergency Banking Act & The Glass-Steagall Act / Recovery Act and Reinvestment Act
- 5. Government Response (Recession) ● Liquidity via “discount window” loans ● Conducted stress test ● Lowered Interest Rates (almost zero) ● Regulations on credit cards/mortgages ● Encouraged foreclosure solutions ● Extended public benefits
- 6. Government Response (Holiday) ● Prohibited transactions for a week ● Enacted Emergency Banking Act of 1933 o issued new currency o Insure up to $5000 from deposit o expanded presidential power o give trust to the people for using banks
- 7. Income Inequality (As President) ● True open discussion (political barriers) ● Confront poverty (inflation adjusted wages) ● Reallocate resources for public education ● Adjust tax rates (income / capital gains) ● Regulate political donation (corporate interest)