Briefly explain why, until 2008, Americans amassed record amounts of debt and why the free-spending trend has ended

What will be an ideal response?

Americans spent freely, fueled by income growth, a boom in the stock market and rapid increases in home values. Americans bought and bought, seemingly without caution, amassing record levels of debt. However, the free spending and high expectations of those days were dashed by the Great Recession of 2008/2009.

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Servant-first leaders are opposites of leader-first leaders

Indicate whether the statement is true or false

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The general power retained by the states to protect the health, safety, welfare, and morals of state residents is often referred to as ____ power. police regulatory protective community

a. b. c. d.

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