There were no bill of rights, and people felt that they needed to be protected in that way. the nationalists complained that the AOC were too 'weak' to be effective. t<span>here was no president, no executive agencies, no judiciary and no tax base.</span>
After the firing on Fort Sumter, which states seceded from the Union and joined the Confederate States of America?
<u>A. Tennessee, Alabama, Georgia, and Virginia
</u>
B. Tennessee, Kentucky, Virginia, and Arkansas
C. Kentucky, Virginia, North Carolina, and Texas
D. Arkansas, Tennessee, North Carolina, and Virginia
<span>The Panic was the worst economic crisis to hit the nation in its history to that point. Economic historians are not certain what caused it but point to several possible factors. First, too many people attempted to redeem silver notes for gold; ultimately the statutory limit for the minimum amount of gold in federal reserves was reached and U.S. Notes could no longer be successfully redeemed for gold. Next, the Philadelphia and Reading Railroad went bankrupt. Then, the National Cordage Company (the most actively traded stock at the time) went into receivership as a result of its bankers calling their loans in response to rumors regarding the NCC's financial distress. A series of bank failures followed, and the price of silver fell. The Northern Pacific Railway, the Union Pacific Railroad and the Atchison, Topeka & Santa Fe Railroad all failed. This was followed by the bankruptcy of many other companies; in total over 15,000 companies and 500 banks failed (many in the west). About 12%-18% of the workforce was unemployed at the Panic's peak.
hope this makes sense</span>
<span>the lack of protection for funds deposited by individuals in banks.</span>
