Answer:
Banks needed a source of emergency reserves to prevent the panics and resulting runs from driving them out of business. A particularly severe panic in 1907 resulted in bank runs that wreaked havoc on the fragile banking system and ultimately led Congress in 1913 to write the Federal Reserve Act.
Answer:
Industrialization was greatly increasing the economic, military, and political strength of the societies that embraced it. By and large, the countries that had benefited from industrialization were the ones that had the most necessary components of land, labor and capital, and often the government support.
Explanation:
The correct answer is B. King Louis XIV’s increases taxes on his country’s imports.
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Seeking African-American political support and wanting to bolster U.S. reputation abroad, Truman decided to desegregate the military. Executive Order 9981, signed on July 26, 1948, prohibited discrimination against military personnel because of race, color, religion or national origin.
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