Our economic system is Market
The Panic of 1837 was a financial crisis in the United States that touched off a major recession that lasted until the mid-1840s. Profits, prices, and wages went down while unemployment went up. Pessimism abounded during the time. The panic had both domestic and foreign origins. Speculative lending practices in western states, a sharp decline in cotton prices, a collapsing land bubble, international specie flows, and restrictive lending policies in Great Britain were all to blame. On May 10, 1837, banks in New York City suspended specie payments, meaning that they would no longer redeem commercial paper in specie at full face value. Despite a brief recovery in 1838, the recession persisted for approximately seven years. Banks collapsed, businesses failed, prices declined, and thousands of workers lost their jobs. Unemployment may have been as high as 25% in some locales. The years 1837 to 1844 were, generally speaking, years of deflation in wages and prices. Hope this helps.
15 pages, wow. Make your punctuation narks larger than the font. When you are talking about a certain topic, take a long time to explain it. Instead of doing a short paragraph, do like 3 paragraphs on that topic. Talk about why money started to change. when money changed. how they changed the money. where miney is produced. different type of things they used in the barter system and ehy they used them. how money impact us today etc
<span>Employing the single word "homes" to remember the names of north america's five great lakes best illustrates the use of: </span><span>a mnemonic device
Mnemonic device is a technique that is used for to help a memorization of a term/word so it could stick inside our brain for a longer period of time.</span>
It limited their activities to prostitution, extortion, gambling, and theft. prohibition provide gangsters with the opportunity to extend their activities in the illegal, and highly lucrative crimes of bootlegging
