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What affected the ability of many nations to repay their loans to the US?
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How did high US tariffs effect the economy during the 1920s?
Foreign countries could not afford to buy U.S. exports or repay U.S. loans.
What is the effect of overspeculation in western lands?
It leads to foreclosure and the closing of banks. When overspeculation of land occurs, banks give loans to people who can't afford it because they think the prices of land will increase. And when the prices don't increase, people who took out the loans can't repay them, banks are forced to foreclose on the land, and they gradually go out of business because of all the money they lost giving loans and never being repaid.
Which was one of the economic problems that the US was facing during the 1790s?
The federal and state governments needed to repay money they had borrowed to pay for the Revolutionary War.
Did the US become a Teador or a creditor nation after World War 1?
Yes, When the war began the US was neutral but brought hundreds of tons of American supplies to Europe to support both sides of the war. The allies payed in gold, and the US continued to provide them with production even after they themselves entered the war because the US could produce at levels no other country could. After the War the European countries were in a lot of debt. Yet, the US was economy was doing very well (roaring twenties). The US would give loans to Germany (in dollars) that Germany would pay the allies for their reparations, then the Allies would pay back their loans to the US with the dollars bolstering the US economy. The Dawes Plan, a diplomatic agreement between the major powers of WW1 made by Charles Dawes, supported this plan by reducing the reparations of Germany and provided more bank loans to Germany to try and stabilize the European economy. So after the war all the great powers of Europe needed to repay loans to the US, making the US the creditor of the world. However, this plan was incredibly unstable as if the US stopped providing a large amount of loans to Germany the cycle would fall apart. With the stock market crash of 1929 this is exactly what happened. I hope I explained that well. sources: America's History 6th edition, Bedfordtmartins
What is the Southern Homestead Act in 1866?
The Southern Homestead Act was in enacted in 1866 as a federal law in the United States. This law was enacted to repay the debt during reconstruction after the Civil War.
How are farmers affected in the Dust Bowl?
They could not repay the loans or afford to buy basic necessities
How were farmers affected in the dust bowl?
They could not repay their loans or afford to buy basic necessities.
What caused high default rates on subprime loans?
Loans were made to people that did not have the ability to repay the loans, coupled with lack of adequate collateral for the loan. When the value of real estate dropped, and people owed more on the property than it was worth, they defaulted on the loans.
How do most students repay their loans?
With money.
How does the federal government obtain its own credit report?
An independent agency examines the United States' debt load, gross domestic product, loans, and its ability to repay those loans. A report will then be generated, a score recommended, and the report distributed.
What percentage of borrowers are unable to repay their payday loans?
15%
What is meant by the interest coverage ratio?
The interest coverage ratio is the calculation that determines a company's ability to repay debt payments. It is this calculation that determines whether or not companies are able to obtain loans.
Effects of the Cold war on Africa?
African nations spend billions each year trying to repay old loans, they've made an effort to ease the burden but has have very little success
Do you have to repay a payday loan in new jersey?
Erm...Yes. You have to pay all "loans". That's why they are called "loans."
Do student loans automatically come with filing bankruptcy?
Federal Student loans cannot be discharged in bankruptcy. You must repay them.
Can student credit cards be used to repay loans?
Whether or not a you can repay loans with a credit card depnds on the policies of you debtors. You can pay some student loans with a credit card, if you are in default. However private lenders are under no obligation to accept credit card payments.
What term describes the ability to repay debt?
Creditworthiness
