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.
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Farmers were probably the hardest hit group of people during the Great Depression. They were already having a tough time from the 1920's because during WWl, they had been making record numbers of crops that were being sent over seas, but once the war ended they ended up with a surplus which dropped the price of wheat and farmers could hardly make a living. Farmers had also bought tractors and farm equipment with an installment plan, which means they buy now and pay later. This caused many farmers to go into debt because once the depression hit they no longer could afford to pay them off. To make matters worse, unsafe farming practices, like not rotating crops, cause the top soil to blow off and huge dust storms, called the Dust Bowl occurred making life miserable for farmers and their families.
Answer:
B. Nebuchadnezzar built or restored temples and huge royal palaces.
D. It had a busy harbor on the banks of the Euphrates River
Explanation:
Answer: MY THOUGHTS ARE THIS IS A STRONG QUOTE IT HAS A LOT OF POWER AND REASONING AND THEN JUST ADD MORE WITH your thoughts on this quote
Explanation:
