Problem: Financial crisis of 2007%E2%80%9308:

Countering Krugman, Peter J. Wallison wrote: "It is not true that every bubble—even a large bubble—has the potential to cause a financial crisis when it deflates." Wallison notes that other developed countries had "large bubbles during the 1997–2007 period" but "the losses associated with mortgage delinquencies and defaults when these bubbles deflated were far lower than the losses suffered in the United States when the 1997–2007 [bubble] deflated." According to Wallison, the reason the U.S. residential housing bubble (as opposed to other types of bubbles) led to financial crisis was that it was supported by a huge number of substandard loans – generally with low or no downpayments.

According to Peter J. Wallison, why did the U.S. residential housing bubble led to financial crisis?
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A: it was supported by a huge number of substandard loans


Problem: Hard rock:

The roots of hard rock can be traced back to the 1950s, particularly electric blues, which laid the foundations for key elements such as a rough declamatory vocal style, heavy guitar riffs, string-bending blues-scale guitar solos, strong beat, thick riff-laden texture, and posturing performances. Electric blues guitarists began experimenting with hard rock elements such as driving rhythms, distorted guitar solos and power chords in the 1950s, evident in the work of Memphis blues guitarists such as Joe Hill Louis, Willie Johnson, and particularly Pat Hare, who captured a "grittier, nastier, more ferocious electric guitar sound" on records such as James Cotton's "Cotton Crop Blues" (1954). Other antecedents include Link Wray's instrumental "Rumble" in 1958, and the surf rock instrumentals of Dick Dale, such as "Let's Go Trippin'" (1961) and "Misirlou" (1962).

When was "Rumble" released?
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A: 1958


Problem: British Empire:

By the start of the 20th century, Germany and the United States challenged Britain's economic lead. Subsequent military and economic tensions between Britain and Germany were major causes of the First World War, during which Britain relied heavily upon its empire. The conflict placed enormous strain on the military, financial and manpower resources of Britain. Although the British Empire achieved its largest territorial extent immediately after World War I, Britain was no longer the world's pre-eminent industrial or military power. In the Second World War, Britain's colonies in South-East Asia were occupied by Imperial Japan. Despite the final victory of Britain and its allies, the damage to British prestige helped to accelerate the decline of the empire. India, Britain's most valuable and populous possession, achieved independence as part of a larger decolonisation movement in which Britain granted independence to most territories of the Empire. The transfer of Hong Kong to China in 1997 marked for many the end of the British Empire. Fourteen overseas territories remain under British sovereignty. After independence, many former British colonies joined the Commonwealth of Nations, a free association of independent states. The United Kingdom is now one of 16 Commonwealth nations, a grouping known informally as the Commonwealth realms, that share one monarch—Queen Elizabeth II.

Which countries challenged Britain's economic lead by the start of the 20th century?
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A: Germany and the United States


Problem: Federal Bureau of Investigation:

During the 1950s and 1960s, FBI officials became increasingly concerned about the influence of civil rights leaders, whom they believed had communist ties or were unduly influenced by them. In 1956, for example, Hoover sent an open letter denouncing Dr. T.R.M. Howard, a civil rights leader, surgeon, and wealthy entrepreneur in Mississippi who had criticized FBI inaction in solving recent murders of George W. Lee, Emmett Till, and other blacks in the South. The FBI carried out controversial domestic surveillance in an operation it called the COINTELPRO, which was short for "COunter-INTELligence PROgram." It was to investigate and disrupt the activities of dissident political organizations within the United States, including both militant and non-violent organizations. Among its targets was the Southern Christian Leadership Conference, a leading civil rights organization with clergy leadership.

When did FBI officials become less concerned about Civil Rights?
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A:
unanswerable