It is important to limit a government's power because, unchecked, a government can impose laws
Prohibition is the era in American history when the sale, disruption, and manufacturing of alcohol was illegal. Since selling alcohol was illegal, anyone that wanted to get alcohol was now breaking the law. However whenever there is a good/resource people want, even if it is illegal, they will pay a significant amount of money for it.
When this is the case, people will risk almost anything to make a huge profit. This is why crime and violence increase during Prohibition. Organized crime rings, lead by people like Al Capone, start to form. Due to the high demand of alcohol by American citizens, there became a huge competition between different organized crime groups for customers. Rival gangs would end up in shootouts (like the Valentine's Day Massacre).
Answer:
overproduction of goods and the expansion of unbridled credit by banks.
Explanation:
The Great Depression of the 1930s was the largest recession in history and its causes were overproduction of goods and the expansion of unbridled credit by banks.
The American economy was experiencing a period of euphoria during the 1920s. The US had become the world's leading economic powerhouse and was the largest supplier of manufactures to Europe. In this scenario, banks have expanded their credit rampantly to sustain the increase in production. However, production increased in a way that there was not enough consumer market to dispose of the products. The businessmen lost the conditions to pay their loans to the banks and the financial system collapsed.
Currently, the Federal Reserve has regulatory mechanisms that aim to reduce the risk of unbridled expansion of bank credit, such as the collection of the compulsory deposit and monetary policy. However, it is not possible to say that the risk is non-existent. We live in a special moment where technology has positive impacts, but can also cause negative havoc. For example, virtual currencies, if not well regulated, can cause a new crisis.
<span>In the late 1800s, the Populist Movement grew out of fears resulting from the Panic of 1873 wherein the price of agricultural goods fell. Farmers began to worry that they would lose money and started a party that represented their own interests.</span>
Answer:
In United States constitutional law, a Due Process Clause is found in both the Fifth and Fourteenth Amendments to the United States Constitution, which prohibits arbitrary deprivation of "life, liberty, or property" by the government except as authorized by law.
