Context and question: Hayek continued his research on monetary and capital theory, revising his theories of the relations between credit cycles and capital structure in Profits, Interest and Investment (1939) and The Pure Theory of Capital (1941), but his reputation as an economic theorist had by then fallen so much that those works were largely ignored, except for scathing critiques by Nicholas Kaldor. Lionel Robbins himself, who had embraced the Austrian theory of the business cycle in The Great Depression (1934), later regretted having written the book and accepted many of the Keynesian counter-arguments.
What was the result of Hayek's Prices and Production?
Answer: works were largely ignored
Context and question: Galileo Galilei was brought before the Inquisition for heresy, but abjured his views and was sentenced to house arrest, under which he spent the rest of his life. Galileo was found "vehemently suspect of heresy", namely of having held the opinions that the Sun lies motionless at the centre of the universe, that the Earth is not at its centre and moves, and that one may hold and defend an opinion as probable after it has been declared contrary to Holy Scripture. He was required to "abjure, curse and detest" those opinions.
Who was brought before the Inquisition for heresy but renounced his beliefs and thus remained under house arrest for life?
Answer: Galileo Galilei
Context and question: Historically home to the Kumeyaay people, San Diego was the first site visited by Europeans on what is now the West Coast of the United States. Upon landing in San Diego Bay in 1542, Juan Rodriguez Cabrillo claimed the entire area for Spain, forming the basis for the settlement of Alta California 200 years later. The Presidio and Mission San Diego de Alcala, founded in 1769, formed the first European settlement in what is now California. In 1821, San Diego became part of the newly-independent Mexico, which reformed as the First Mexican Republic two years later. In 1850, it became part of the United States following the MexicanAmerican War and the admission of California to the union.
After the land was claimed for Spain, how many years passed before the settlement of Alta began?
Answer:
200