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Why did Spain's economy take a downturn during Philip II's reign?
Wiki User
∙ 10y ago
Inflation and Taxes. As the price of goods and services went up, the value of money went down (inflation). When Spain expelled the Jews and Moors, it lost some of its most valuable artisans. The nobles didn't have to pay taxes leaving the burden of tax paying on the lower class.
Wiki User
∙ 10y ago
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What is a period of low economic activity and rising unemployment called?
If it's a short downturn or slowdown during a business cycle, it's a recession. If it's a longer, sustained and more severe downturn, it's a depression.
How does the government typically change physical policy to try to improve the US economy during a recitation recession recession?
In such circumstances, it would be prudent, even necessary, and certainly .their typically blindly loyal followers in emerging market economies continue Such fiscal spending should not only seek to buffer the economic downturn
The growth of the nation's economy during the 1920s was called .?
The growth of the nation's economy during the 1920s was called urbanization.
The growth of the nations economy during the 1920s was called?
The growth of the nation's economy during the 1920s was called urbanization.
Why was there such an increase in poverty during the Reagan years?
America was still reeling from the economic downturn (fuel shortages, job losses, etc.) that occurred during the Carter Administration. However, toward the end of the Reagan Administration the economy began to improve. Reagan asked for, and Congress supplied, a huge cut in Income taxes for Americans. When the effects of that tax cut began to take effect, the economy turned around from the Carter years (which had high taxes and inflation). As the economy improved millions of Americans were lifted out of poverty and into the middle class. According to the Census Bureau, more African-Americans joined the American middle class than ever before in history. The growth in the economy continued into the Clinton presidency.
Why was a severe downturn in oil prices during the earlys detrimental to the soviet economy?
It was an oil-exporting nation
Why was a severe downturn in oil prices during the early '80s detrimental to the Soviet economy?
It was an oil-exporting nation
What did Spain do During World War 1. Were they invovled in any way. Howdid it affect their lifestyle?
During ww1 Spain was and remained neutral through out the war. Although Spain was neutral it played a great role in sending supplies to France, Germany and many other European nations. Spain also sent suplies to many South American nations. This affected Spains lifestyle by not only increasing the Spanish economy but it tripled Spains gold reserves and the Spanish people lived a brief age of wealth!
Has the down turn in economy hurt the profession of strippers?
Studies have shown that alcohol is one of the products which is purchased more frequently during an economic downturn. Strip clubs are a popular destination for purchasing alcohol and for those who are intoxicated. As a result, strippers have maintained their clientele and their profession has not been harmed by the current economy.
How did the automobile economy have a problem during the great depression?
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.
What caused the economic downturn during the first 2 years of George W. Bush Presidency?
911
During the reign of the Estates-General was formed?
Philip the fair
What is a period of low economic activity and rising unemployment called?
If it's a short downturn or slowdown during a business cycle, it's a recession. If it's a longer, sustained and more severe downturn, it's a depression.
What powers does the president have durning a great depression?
Unlike war, the powers of the president do not change in an economic downturn. If you mean what can the president do that directly affects the economy, the main thing would be declare a bank holiday, which FDR did to stop the run on the banks. After the creation of the FDIC the runs on the banks were not needed as money was insured by the federal government. The person who really controls the economy especially during an economic downturn is the Federal Reserve chairman, in this case Ben Bernanke. He or she can raise or lower interest rates in order to increase the money supply or restrict it depending on what is need.
What role did Philip Sheridan play in the Civil War?
the role played by Philip Bazaar during the Civil War
How does the government typically change physical policy to try to improve the US economy during a recitation recession recession?
In such circumstances, it would be prudent, even necessary, and certainly .their typically blindly loyal followers in emerging market economies continue Such fiscal spending should not only seek to buffer the economic downturn
The growth of the nations economy during the 1920s was called?
The growth of the nation's economy during the 1920s was called urbanization.
