Examlex
A bank finds itself short of required reserves and therefore borrows from another commercial bank. The interest rate on this loan is
Republican Administrations
Refers to periods of governance in the United States when the executive branch is controlled by the Republican Party, typically characterized by certain fiscal, social, and foreign policies.
Trade Deficits
The economic condition that occurs when a country imports more goods and services than it exports, resulting in a negative balance of trade.
Smoot-Hawley Tariff
A U.S. law enacted in 1930, which raised tariffs on over 20,000 imported goods to record levels, leading to a significant decrease in international trade.
Great Depression
A severe worldwide economic depression that took place mostly during the 1930s, starting in the United States following the stock market crash of 1929.
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