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Explanation: Federalism is a system which is based on democratic practices and traditions. Accordingly, in this system, the power to rule is distributed between national and state assembly. ... Making and enforcing laws is a shared duty between state governments in the federal government
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The issue of slavery gradually shook the foundations of the two-party system of the Whigs Democrats. Its noticeable aggravation occurred as a result of the adoption in May 1854 of a bill on the incorporation into the United States of the territories of Kansas and Nebraska, located north of 36°30, the border of slavery, established by the Missouri compromise of 1820. The initiator of the bill was the Democratic Party. It was based on the doctrine of "sovereignty of the settlers", according to which the status of slavery in the new states was to be determined by the population.
The doctrine of the "sovereignty of the settlers" that appeared in the political arsenal of the democrats in the late 40s, is difficult to be give an unambiguous assessment. Putting it forward, the leadership of the Democratic Party was looking for ways to ensure internal political stability and achieve a new compromise between the North and the South. On the other hand, the initiators of the bill assured the population of the North that the flow of settler farmers would undoubtedly exceed the influx of slave owners into new territories, which guarantees the future accession of these territories to the Union as free states. However, the Democratic leadership’s calculations for attenuation of disputes about slavery did not implement.
The center of gravity for all opponents of slavery was the new Republican Party. The Republicans entered the political arena with a program of radical reconstruction of the country's socio-economic structure through territorial restrictions on the institution of slavery. During these years, many moderately opposed opponents of the spread of slavery in Western territories feared the radicalism of the Republican Party.
Moderate positions on the issue of slavery determined the election of Lincoln as a compromise Republican presidential candidate in the 1860 election. Lincoln, thanks in large part to the split in the Democratic Party, which nominated two candidates, managed to get ahead of his rivals in the elections and become president of the United States. The first Republican president won the election, mainly due to support from the North.
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The Stock Market Crash of 1929 occurred during a period of unregulated wealth and excess. On October 14, 1929, investors were selling stock in large amounts. In order to halt the slide in the Dow Jones, the market indicator for the purchase and sale of stocks, Richard Whitney, the Vice President of the Stock Exchange, initiated a plan to purchase large quantities of blue chip stocks, stocks in large and reputable companies. This action resulted in temporarily halting the slide in stocks. The value of the market had increased tenfold in the 1920's as a result of speculation and inflated value in the market. A margin call occurs when value of the account falls below the broker's required minimum. While Whitney invested in the market to halt complete collapse, Charles Merrill of Bank of America suggested that his clients eliminate their financial obligations entirely. He realized that the value of the market was inflated and that the rise in stocks had peaked. The crash itself witnessed a lost of more than $30 billion in value in two days. Both General Electric and General Motors lost more than fifty percent of the value of their stocks during the crash.
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The new elected assembly was dissolved a year later and this was the reason why the 1848 revolt in Prussia was successful only in the short term. The correct option among all the options that are given in the question is the last option or the fourth option
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