Answer:
c
I would appreciate if my answer is chosen as a brainliest answer
Answer:
He saved the American Economy and led to the establishment of the Federal Reserve.
Explanation:
JP Morgan was a businessman with contacts and investments in many different industries. These contacts, and his wealth, allowed him to wield huge control over the financial industry. This resulted in two big events. Firstly, there was the Gold Crisis of 1895. The US Treasury nearly ran out of gold and Morgan persuaded the president to use an old law to buy gold off him (And the rockefellers). This stabalised the American Dollar and averted crisis. A similar thing happened in 1907. Major New York banks were on the verge of collapse and Morgan held a meeting at his mansion where he forced the New York finaciers to come up with a plan. This they diid and the federal government saved the banks. Morgan also used his controlling interest in US Steel to buy the stock of a competitor whos stock was casuing a brokerage firm to collapse. Despite the anti trust legislation he purchased the stock, This restored confidence in the banking system and ensured the crisis was over.
More importantly, the event made the government realise that they couldnt rely on there always being a wealthy indiividual like Morgan to save the day should there be another crisis. This lead to the creation of the Federal Reserve System in 1913. This was a joint effort of a team of banking and political leaders, led by Senator Nelson Aldrich.
Hello. You forgot to add the text to which this question refers. The text is:
Pennsylvania created the most radical state constitution of the period. Following the idea of popular rule to its logical conclusion, Pennsylvania created a state government with several distinctive features. First, the Pennsylvania constitution of 1776 abolished property requirements for voting as well as for holding office. If you were an adult man who paid taxes, then you were allowed to vote or even to run for office. This was a dramatic expansion of who was considered a political person, but other aspects of the new state government were even more radical. Pennsylvania also became a "unicameral" government where the legislature only had one body. Furthermore, the office of the governor was entirely eliminated. Radicals in Pennsylvania observed that the governor was really just like a small-scale king and that an upper legislative body (like the House of Lords in Parliament) was supposed to represent wealthy men and aristocrats. Rather than continue those forms of government, the Pennsylvania constitution decided that "the people" could rule most effectively through a single body with complete legislative power.
Answer:
The Pennsylvania Constitution established a unicameral legislative body.
The Pennsylvania Constitution abolished property requirements for voting and holding elected office.
Explanation:
The text above shows how Pennsylvania created a constitution a totally different and radical constitution compared to other American states. This is because Pennsylvania, through its constitution, modified its entire political body, creating a more popular structure and accessible to all citizens. The main changes occurred in terms of who could vote and stand and how the state's legislative body would be established. In summary, these changes are:
- The Pennsylvania Constitution established a unicameral legislative body.
- The Pennsylvania Constitution abolished property requirements for voting and holding elected office.
Answer:
i think it is b but i am not sure
Explanation:
Answer:
A monarchy is a dangerous form of government.
Explanation:
Thomas Paine's "Common Sense" is a political pamphlet that argues for the American colonies' right to be independent of the British crown. The book would become the crux of the American revolt against the British authority.
In his book, Paine presents an argument supporting the thirteen colonies and their right to be free of British authority. He discussed how the monarchy, in general, and all monarchy in particular, is a dangerous form of authority or governance that one can be put under. He declares that <em>"a thirst for absolute power is the natural disease of monarchy."</em> Furthermore, he added, <em>"monarchy and succession have laid (not this or that kingdom only) but the world in blood and ashes. ’Tis a form of government which the word of God bears testimony against, and blood will attend it."</em>
Thus, the correct answer is the third option.
