Use the resources below to understand the recent (2023) bank failures. In one page, discuss similarities and differences between this and the government intervention in the financial crisis of 2008, depicted in the film, "Too Big to Fail." Comment on the government and private sector attempts to save the banks and the greater economy in these events. Next, in a "free market economy" is this appropriate? Look up the term, "moral hazard" and consider here how it relates to these interventions.

https://www.nytimes.com/article/svb-silicon-valley-bank-collapse-timeline.html?name=styln-svb-collapse&region=TOP_BANNER&block=storyline_menu_recirc&action=click&pgtype=Article&variant=undefined

https://www.cnn.com/2023/03/17/business/global-banking-crisis-explained/index.html />
You may also use the r=

. 0

Step-by-step answer

24.04.2023, solved by verified expert
Unlock the full answer
1 students found this answer . helpful

Answer:

Answer given below.

Step-by-step explanation:

The recent bank failures of 2023 bear some similarities to the government intervention in the financial crisis of 2008, depicted in the film "Too Big to Fail," but there are also some notable differences. Both events involve the collapse of large financial institutions and the threat of a broader economic crisis. In response, the government and private sector attempted to save the banks and stabilize the economy.

One major difference is that in 2008, the government stepped in with a massive bailout program, using taxpayer money to prop up failing banks and prevent a complete financial meltdown. In contrast, in 2023, the government was less willing to provide a bailout and instead relied on private sector solutions. For example, in the case of Silicon Valley Bank's collapse, a group of tech industry leaders banded together to provide funding and support to keep the bank afloat.

Another difference is that in 2008, the financial crisis was largely caused by the collapse of the housing market and the proliferation of subprime mortgages. In contrast, the recent bank failures in 2023 were caused by a variety of factors, including a global economic slowdown, declining oil prices, and geopolitical instability.

In a free market economy, the appropriate response to a bank failure would be to allow the market to correct itself and let the failing banks go bankrupt. However, in both 2008 and 2023, the government and private sector intervention was deemed necessary to prevent a wider economic crisis. This highlights the concept of "moral hazard," which refers to the tendency of individuals or institutions to take risks because they know they will not bear the full consequences of their actions. By bailing out failing banks, the government and private sector are essentially rewarding risky behavior and creating an incentive for future risk-taking.

Thus, to summarize, while the recent bank failures of 2023 share some similarities with the government intervention in the financial crisis of 2008, there are also some notable differences. Both events highlight the tension between the free market and government intervention, and the concept of moral hazard is a key consideration in evaluating the appropriateness of such interventions

It is was helpful?

Faq

History
Step-by-step answer
P Answered by Master

The correct answer to this open question is the following.

Unfortunately, you did not include the two maps. Without them, we do not know your specific reference.

However, trying to help you and after doing some deep research, we can say the maps portray the Spanish, British, and Dutch trade maritime routes from 1750 to 1850. The other map shows the many trade routes in 2010 that practically crossed all over the world.

That is why we can answer that one significant reason for changes in the patterns of global economic interactions from circa 1750 to circa 2000, as illustrated by the two maps are the technology and modernization of means of transportation that today include land, air, and sea.

Trade has been the activity that has developed most rapidly all over the world in those years. Today, there are international organizations and free trade agreements that connect the world through trade.

More people on the planet started to require more products from all places and developed nations exploited natural resources and raw materials and produced more and better goods in their industrialized cities that were exported.

History
Step-by-step answer
P Answered by PhD
Convection currents in earths mantle are caused by the rise of hot material rising towards the crust, becoming cooler and sinking back down. 
History
Step-by-step answer
P Answered by PhD

see explanation and i got an a btw.

Explanation:

b. The development of diseases in the sixteenth century would support the arguments of the “new generation of historians in the second paragraph because the “new generation of historians” would look at this in relation to european imperialism and see the impact of the european diseases like smallpox that would plague places like modern day united states because of the european immunity, but lack of native immunity.  

c. The “biological competition” contributed to the European imperialism in the Americas by creating a survival of the fittest environment where the europeans brought in diseases like smallpox that had plagued europe generations ago, but infected the native populations and weaken them in both their numbers and their strength, which enabled the Europeans to take control of the new world and develop a dominance while the natives were fighting a disease. This was “biological competition” because the Europeans' immunity was assisting them in fighting the natives' lack thereof.  


B) Explain ONE development in the sixteenth century that would support the arguments of the new gen
History
Step-by-step answer
P Answered by PhD

A) Ethnic divisions hindered the development of land-based empires in the period 1450-1750. For example, the Manchu people in the Qing Dynasty in China sought to preserve their ethnic values while ruling China, which proved to be an obstacle for them to rule the vast majority of Han Chinese.

B) Ethnic divisions also hindered the development of maritime empires in the period 1450-1750. For example, the ethnic division between the French colonists and the Haitian people led to multiple Haitian rebellions and ultimately the Haitian Revolution against France.

C) Many land-based empires and maritime empires institutionalized hierarchical distinctions amongst different ethnic groups, often with the use of slavery. The European colonists, for instance, made African Americans the lowest class in American society by enslaving them. Similarly, Christians under Ottoman rule are recruited as janissaries. In both examples, the ruling class adopted policies that limit the social mobility of the ethnic groups that are alien to themselves.

History
Step-by-step answer
P Answered by Master
Because the demand has gone up too, the bikes should gain more profit. Eventually there will be too many bikes produced and their value will drop.
History
Step-by-step answer
P Answered by PhD

By reading the above text, we can have a lot of information about the city of Quanzhou and Chinese trade. Based on this, we can answer the questions as follows:

1. One historical process that explains the religion of Srivijaya merchants in Quanzhou is the growth of maritime trade in that region. This trade promoted the passage of many different people, with different religions that influenced the local population. Among these religions, Mahayana Buddhism was one of the greatest influences.2. One aspect of China's economic development during the Song Dynasty was the establishment of international trade relations. During the Song Dynasty, China became involved in the global market and became a strong influence on international trade which attracted many buyers to its products and strengthened the economy.3. The purpose of the author of the text was to draw the attention of foreigners to show that Quanzhou had great commercial power and that commercial relations with that city were promising. For this reason, he shows plenty of praise for the city, as well as displaying its economic advantages.

More information:

link

History
Step-by-step answer
P Answered by Master
It was an average day here in Massachusetts, warm and crisp, but something was wrong. There had been tell of witches roaming our country, and any suspicious actions were supposed to be reported immediately. Suddenly, a mounty came riding into town with two screaming girls. He was taking them to the town council, so I decided to follow him.
As I peeked into the window of the town hall, I heard the mounty speak about witchcraft and how he had found the young girls prancing about the wood chanting eerie songs. As I looked closer, I realized that one of the girls was my friend Mary. She would never do witchery, not ever! I heard the councilmen talk of a stake and fire. The next day, Mary was a pile of ashes on the ground.
History
Step-by-step answer
P Answered by Specialist
Referring to TABC certifications. Gabriel refuse to conducted the services because those girls are still minor. People who provides alcohol are banned by law to provide their product/services for people without id. In united states, serving minors to alcohol could be punished with $4,000 fine or 1 year in jail.
Referring to TABC certifications. Gabriel refuse to conducted the services because those girls are s

Try asking the Studen AI a question.

It will provide an instant answer!

FREE