Essay on financial crisis in india

However, the fact that the king tried to run away from the very constitutional monarchy to which he had agreed made it clear that he had given up on the new government. This development made it difficult, if not impossible, for Brissot and the Girondins to defend their pro–constitutional monarchy stance. The Jacobins, who had detested the idea of a king from the beginning, were able to take advantage of the Girondins’ weakened position and take control of the government. With Louis XVI having destroyed the credibility of the proposed constitutional monarchy, there was little to prevent the radicals from declaring France a republic, as the Girondins could no longer justify any other feasible form of government.

Because World War II left the empires weak, the colonized countries started to break free. In some places, where countries had the potential to bring more democratic processes into place and maybe even provide an example for their neighbors to follow it threatened multinational corporations and their imperial (or former imperial) states (for example, by reducing access to cheap resources). As a result, their influence, power and control was also threatened. Often then, military actions were sanctioned. To the home populations, the fear of communism was touted, even if it was not the case, in order to gain support.

There are many people that feel that the government should remove much of the regulations placed on banks and allow them to compete on the open market. Regulations, they feel, destroy the ability of banks to make money, raises costs, lowers interest rates paid to depositors and is not generally not good for the bank or the consumer. This was the belief of the Carter and Reagan Administration's in the late 70's and early 80's. The result of this rather laissez faire approach was a period of deregulation. What is meant by deregulation is the removal of, or lessening of government regulations restricting an industry. Deregulation has effected many industries in recent years, including banking.

Essay on financial crisis in india

essay on financial crisis in india

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