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The government assumed control of the bank's £50 billion mortgage and loan portfolio, while its deposit and branch network were sold to Spain's Banco Santander. [17] In October 2008, the Australian government made A$4 billion available to nonbank lenders unable to issue new loans.
The United States government has been involved in numerous interventions in foreign countries throughout its history. The U.S. has engaged in nearly 400 military interventions between 1776 and 2023, with half of these operations occurring since 1950 and over 25% occurring in the post-Cold War period. [1]
A market intervention is a policy or measure that modifies or interferes with a market, typically done in the form of state action, but also by philanthropic and political-action groups. Market interventions can be done for a number of reasons, including as an attempt to correct market failures , [ 1 ] or more broadly to promote public ...
A related government intervention to price floor, which is also a price control, is the price ceiling; it sets the maximum price that can legally be charged for a good or service, with a common example being rent control. A price ceiling is a price control, or limit, on how high a price is charged for a product, commodity, or service.
An illustration of William of Orange of the Dutch Republic landing at Brixham to depose James II of England during the Glorious Revolution in 1688.. Interventionism, in international politics, is the interference of a state or group of states into the domestic affairs of another state for the purposes of coercing that state to do something or refrain from doing something. [1]
Since the 19th century, the United States government has participated and interfered, both overtly and covertly, in the replacement of many foreign governments. In the latter half of the 19th century, the U.S. government initiated actions for regime change mainly in Latin America and the southwest Pacific, including the Spanish–American and Philippine–American wars.
Notable examples of government intervention in the period prior to the American Civil War include the establishment of the Patent Office in 1802; the establishment of the Office of Standard Weights and Measures in 1830; the creation of the Survey of the Coast (later renamed the United States Coast Survey and then the United States Coast and ...
Examples of government failure include regulatory capture and regulatory arbitrage. Government failure may arise because of unanticipated consequences of a government intervention, or because an inefficient outcome is more politically feasible than a Pareto improvement to it. Government failure can be on both the demand side and the supply side.