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8090 [49]
2 years ago
9

Explain the role of banks in the Panic of 1837.

History
1 answer:
Marat540 [252]2 years ago
6 0

Answer:

They suspended specie payments and would no longer redeem commercial paper in specie at full face value.

The resulting high inflation, and Jackson policies favoring hard currency (gold or silver) led many investors to panic and many banks to close due to insufficient reserves, in a financial crisis known as the Panic of 1837.

Explanation:

From your neighborhood softie :)

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How was a slave more profitable than an indentured servant? Indentured servants were under a paid contract. Slaves were sold for
ohaa [14]

Answer:

Slaves were a permanent labor while indentured servants were only for a few years.

Explanation:

Slaves trade was trade that involves buying of African's from different parts of Africa and were later sold buy there slaves masters to their buyers in Europe and American while indentured servant are merely contract workers who can either be whites or blacks doing labor works. They are not stigmatize on racial discrimination or any form.

However, slaves trade was more profitable because it was a big business where African's are sold in exchange for money or unlike indentured servant who are mainly workers that are paid for the labor they carry out. A slave effort or labor can never be paid for  because he or she is seen as the property of the master.

4 0
4 years ago
What is Plato's critique of democracy? Do you agree or disagree with his critique? why or why not?
Olegator [25]

Answer:

I agree with Plato's critique of democracy because...

then you have to finish that, there's not a lot or any background information but I'm always happy to help if you add more!!!! lmk how you do!!!

7 0
3 years ago
Which power is reserved for the federal government?
Anna007 [38]

<u>The U. S. Constitution gives three types of specific powers to the federal government as follows:</u>

  • Delegated Powers
  • Implied Powers
  • Inherent Powers

<u>Explanation:</u>

The federal government was established in with an aim to avoid tyranny, experiment new programs and allowing more participation of common people in politics that may help the country excel.

To accomplish the aims, the constitution sanction a certain set of rules and regulations or what we can term as "Powers" to the federal government as follows;

<u>Delegated Powers</u>

Includes the power to coin money, declare war, raise the armed forces, and regulate commerce

<u>Implied Powers</u>

These powers are not specifically stated in the constitution but termed as "necessary and proper" such as making laws that are necessary and proper for the welfare of the country

<u>Inherent Powers</u>

These powers are not specified in the constitution but grows out of the requirements. Besides this, the constitution also mentioned some reserved powers that are guaranteed by the Tenth Amendment.

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3 years ago
The economies of the West African Empires relied on?
slega [8]

Answer:

trans-Saharan trade routes

Explanation:

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A is the correct answer.

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