Very low to entice borrowing so that when the currency printers contract the supply of THEIR Fiat currency, everyone will get squeezed and they can pick up cheap labour, cheap property, cheap chattle etc. Then we start it all over again. It keeps them from getting bored.
prior to the great depression, suicide in the US was 14 per 100,000 and rose to the highest at 17 per 100,000 in 1932, shortly before FDR was elected.
The welfare system was created during the Great Depression. This system helps those families that are in need due to illness or high unemployment rates.
It lowered interest rates, which encouraged manufacturing and construction.
During the great depression, marriage and birth rates dropped because people had less money and couldn't afford to fend for themselves let alone a growing family.
Farmers tried to sell their farms but they was not able to sell them. The homelesses tried to find a job but they could not find any jobs. Suicide rates increased during the Great Depression.
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prior to the great depression, suicide in the US was 14 per 100,000 and rose to the highest at 17 per 100,000 in 1932, shortly before FDR was elected.
The Federal Reserve lowers interest rates during a recession in hopes to spark economic activity (aka consumer spending).
The welfare system was created during the Great Depression. This system helps those families that are in need due to illness or high unemployment rates.
It lowered interest rates, which encouraged manufacturing and construction.
yes they do rise during deflation
During the Great Depression in the US, almost all businesses were hurt by this serious economic downturn. This included US auto manufacturers. With unemployment rates near 25%, car sales were hit hard, and as with other industries there were layoffs of workers.
During the great depression, marriage and birth rates dropped because people had less money and couldn't afford to fend for themselves let alone a growing family.
Farmers tried to sell their farms but they was not able to sell them. The homelesses tried to find a job but they could not find any jobs. Suicide rates increased during the Great Depression.
Bank of America offers great CD rates in your area.
The current LIBOR interest rates can be found by contacting branches of banks and finance companies in Great Britain as these interest rates relate to the London money markets.