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A particularly severe panic in 1907 resulted in bank runs that wreaked havoc on the fragile banking system.
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Greek philosopher Aristotle suggested that ancient Greeks thought that being a citizen was a natural state, according to J. G. A. Pocock.[5] It was an elitist notion, according to Peter Riesenberg, in which small scale communities had generally similar ideas of how people should behave in society and what constituted appropriate conduct.[5] Geoffrey Hosking described a possible Athenian logic leading to participatory democracy:
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Firstly, what salutary neglect means is a kind of policy that existed during the <span>early to mid-18th century under the British government for its North American Colonies. The purpose of this policy is to loosen the enforcement of parliament laws in order for their colonies to remain loyal. Therefore, from the given statements above, the effects of this salutary neglect include: </span>The colonists felt more loyalty and gratitude toward Britain. And, t<span>he colonists developed some independence from Britain.</span>
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The Whigs emerged in the 1830s in opposition to President Andrew Jackson, pulling together former members of the National Republican Party, the Anti-Masonic Party, and disaffected Democrats. The Whig Party developed out of opposition to Jackson's policies, including his bank policy. In an effort to break up the Second Bank of the United States, Jackson in 1833 made federal deposits in a number of state banks.
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