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vlabodo [156]
2 years ago
7

Explain the role of banks in the Panic of 1837.

History
1 answer:
ss7ja [257]2 years ago
7 0

Answer:

This ailing economy of early 1837 led investors to panic – a bank run ensued – giving the crisis its name. The run came to a head on May 10, 1837, when banks in New York City ran out of gold and silver. They suspended specie payments and would no longer redeem commercial paper in specie at full face value.

Explanation:

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Select the word that best completes each sentence. A good or product that is brought into a country is a(n) . A good or product
blondinia [14]

Answer:

A good or product that is brought into a country is a(n) IMPORT.

A good or product that is transported to a foreign country to be sold is a(n) EXPORT.

The Minoans exported "timber, foodstuffs, cloth, etc.

The Minoans imported "tin, copper, gold, silver, emery, fine stones, ivory, etc.

Explanation :

Given that Importation is the process of a home country or buyer purchasing things from foreign lands, whereby the goods paid for, are then transferred to the country of buyers.

And Exportation on the other hand is a trading situation whereby the home country or sellers sell their goods to foreign lands and get paid.

Hence, A good or product that is brought into a country is a(n) IMPORT.

While also A good or product that is transported to a foreign country to be sold is a(n) EXPORT

Based on historical evidence, the Minoans exported goods such as "timber, foodstuffs, cloth, "_, etc.

While at the same time, the Minoans imported goods such as "tin, copper, gold, silver, emery, fine stones, ivory, etc"

4 0
3 years ago
Read 2 more answers
What was the main message of The Wealth of Nations by Adam Smith?
rosijanka [135]

Answer:

The economy runs better without governmental involvement.

Explanation:

In the Wealth of Nations, Adam Smith lays out a very robust theory about how the economy works, this is why many economists consider him to be the Father of the economic science.

Adam Smith's main thesis was that people, acting own their own interest, were guided by the invisible hand, leading to positive results that benefited the whole of society, even if that was not the main goal of economic actors in first place (their main goal being furthering their own interests).

For this reason, Smith thought that most government intervention was unecessary, since according to him, economic actors tended to self regulate in the market, and to produce an optimal result for society. He did justify some government intervention though: in the military, in the judicial system, and in some basic social services in order to care for the poor, the elderly, and the sick.

7 0
3 years ago
Match the following military strengths and weaknesses to the appropriate nation
densk [106]

Answer:

The answer is below

Explanation:

During the American Revolutionary War (1775 - 1783) between Great Britain and The American colonists, the followings were observed between the two nations.

United States

Strengths:

1. believed in the cause of independence

2. strong leadership and familiar terrain

Weaknesses:

1. poorly equipped and had difficulty paying soldiers

2. no strong central government

British

Strengths:

1. well equipped

2. support of colonial Loyalists and American Indians and a strong central government

Weaknesses

1. fought on unfamiliar terrain and had weak military leaders

2. fighting far away from their homeland

5 0
3 years ago
Is it true that Mesopotamia lies between the Tigris and the Euphrates mountains.
Verdich [7]
Yes they do lie between both tigris and euphrates mountains 
3 0
3 years ago
Read 2 more answers
Why was New Orleans so important during the civil war
sineoko [7]

Answer:

short answer. (B)

Explanation:

your welcome :)

3 0
3 years ago
Read 2 more answers
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