"the great depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy." - milton friedman the quote by milton friedman supports his belief that the federal government should a) decrease the role of the private economy. b) increase their participation in fiscal policy. c) increase their participation in monetary policy. d) decrease their participation in monetary policy.

D) decrease their participation in monetary policy.

Explanation:

The Great Depression had two main causes. The overproduction and expansion of unbridled credit by banks. The credit of an economy is regulated by the Government - currently by the Federal Reserve - which institutes monetary policy, which is the instrument that regulates the amount of money and credit available in the economy. Monetary policy can be used to induce warming or cooling of the economy through the interest rate and the open market. According to Friedman, the US government erred in conducting monetary policy by lowering the interest rate to a point that allowed banks to adopt risky lending practices. In Friedman's view, monetary policy can not be an instrument used by the government to stimulate the economy.

in 'popular history' of europe in america it's common to blame the rise of the nazis (and of coursewwii, too) mainly on the treaty of versailles. despite the harshness of the treaty and despite the inflation of 1919-23 germany did benefit from the economic buoyancy of the roaring twenties. in the general election in 1928, the nazis only managed to get 12 (out of about 584) seats in the reichstag. the nazis were widely seen as a laughing-stock led by a funny little man given to yelling and wild gesticulation. of all european countries, none was hit harder than germany by the stockmarket crash of october 1929. germany had borrowed very large sums from american banks, with much of the money repayable either on demand or at short notice. these loans were of course recalled, and bankruptcies in germany rose sharply from the start of 1930 (or earlier). unemployment rose sharply, too. the german constitution of 1919 contained much that was utopian, including the right to paid employment. the realities of the situation made a mockery of the weimar constitution. one of german's great weaknesses at the time was the lack of a broadly based, popular right-wing party comparable to, say, the republicans in the us or the conservatives in britain. the obvious candidate, the german nationalists (the dnvp), had lost its grip and was hopelessly out oftouch with many of its supporters especially in rural areas. germany became increasingly hard to govern.

from about the middle of 1930 onwards the new chancellor, br�ning, had to govern by decree. in the absence of mainstream right-wing party, the nazis - who ruthlessly exploited genuine grievances - suddenly became the largest single party in the reichstag. with the growing effects of the great depression, unemployment reached about 27% (or more) in 1932. acting on bad advice (from the dnvp) hindenburg dismissed brüning in july 1932. in the general election that followed, the nazis won 37% of the seats. the other party that did well was the communist party (kpd) with 14%. fresh elections were held in november 1932: the nazi vote fell slightly, but the communist vote rose to 17%. in the streets of berlin and other major cities violence between left and right and their paramilitary wings grew. by late 1932, the effects of the great depression in germany had passed their peak, but this wasn't obvious at the time. the steady rise in communist vote triggered panic among most of the mainstream parties. after trying various solutions to the political crisis, hindenburg again took very bad advice - again from the dnvp. on the basis of this advice, he appointed hitler reichs chancellor on 30 january 1933 who promised to form a coalition with the german nationalists (dnvp). he did so, but at the same time almost immediately unleashed the sa (stormtroopers) who started a reign of terror within two months germany became a dictatorship, complete with concentration camps. joncey

explanation:

both are true, the congress does have the power to create banks, even if this power is not specifically described in the constitution, since there is nothing restricting it and there is power given to the congress to make "all laws which shall be necessary and proper". maryland was not allowed to tax a branch of the national bank operating there, and the supreme court decided that no state could. both of these topics were discussed in a decision of the mcculloch v. maryland case in 1819.