Student or Learner
1.When did "American and the Japanese depressions" happen? In mid-90s during the IMF period?
2. What happened in the technology crash of 2000? dotcom stock market crash? If someones knows about this, and can briefly explains this, it would be highly appreciated.
37)Modern civilization has been lucky so far, in (A)[what / that] the crises it has had to deal with have been the kind that we can solve with money. Both the American and the Japanese depressions were cured by higher government spending and liquidity. True, it took a while before the solutions arrived, and both depressions (B)[might have ended / ended] sooner if policymakers had used the right tools from the outset, or acted more quickly. However, in the end the Japanese and U.S. economies still survived. And perhaps it was lucky that the solutions took hold before the damage became too great, and the entire civilization had begun to settle. It was also lucky that their examples prepared us well for dealing with the technology crash of 2000. (C)[Had it / It had] not been for that quick addition of liquidity, the aftermath could have been far worse.
Remember - if you don't use correct capitalisation, punctuation and spacing, anything you write will be incorrect.
I understand what you are saying, and I have conscience. I try to find out such things by googling, but this writing's words don't imply which search word to select as the scope is too broad. There's no specific clue in here, and that's why asked for help. I need your understanding.
An otherwise unspecified "depression" would refer to the 1930s American Great Depression. 1929, to be specific was when the stock market had its "Black Tuesday
I would be wary of any book telling you that gov't spending ended the Depression. A lot of reputable scholarship today indicates that gov't intervention exacerbated the Depression.