The northern hemisphere? I don't completely understand the question.
Hello there ^ _ ^
Labor unions are restrained in their wage demands because the labor demands curve.
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FDR's first major act as president was the Emergency Banking Act. Passed just 5 days after his inauguration, FDR did this in hopes of stabilizing the banking industry. At this time in the US, the Great Depression was in full swing and banks were struggling. This is because so many people were trying to take out their money from the banks that thousands of banks all over the country were forced to close due to lack of paper currency.
With the Emergency Banking Act, FDR declares a "bank holiday." This 4 day period allowed the federal government to start reorganizing the banks and to provide currency to those banks who needed it.
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Effects Of The War. The British victory in the French and Indian War had a great impact on the British Empire. Firstly, it meant a great expansion of British territorial claims in the New World. But the cost of the war had greatly enlarged Britain's debt.
