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.
Congress cannot set political conditions on states.
Answer:
For the most part, states in the South reacted with anger to Lincoln's victory in the election of 1860.
The major issue of the 1860 presidential election was slavery. For Southerners, expanding slavery was the critical issue. Slavery was so pressing that the Democratic party put forth two candidates. One of them represented the Northern Democrats and the other candidate was for the interests of the Southern Democrats. Southerners knew that Lincoln and the newly formed Republican party were not going to be friendly to the expansion of slavery in the nation.
The high voter turnout reflected the voting public's passionate intensity regarding slavery. Lincoln did not win any electoral votes in the South, but carried the electoral votes in the Northern states. This helped to enhance the sectionalist feel to the election. Sectionalist feelings became more pronounced with Lincoln's election. Southerners openly embraced secession, or separating from the nation. South Carolina was the first state to secede upon Lincoln's election, proclaiming "that the Union now subsisting between South Carolina and other states under the name of the 'United States of America' is hereby dissolved" with Lincoln's election in the Presidential Election of 1860.
There were many reasons as to why Southern states separated from the nation. Talk of secession was becoming more evident as the partisanship for and against slavery became more entrenched. For Southern states, the election of Lincoln, though, became seen as a "last straw" and something that showed that compromise on slavery between North and South was impossible to achieve.
Explanation:
Answer:
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Explanation:
His goal was to create a united and indivisible France, equality before the law and to abolish prerogatives. Robespierre is best known for his role during the Reign of Terror, during which he oversaw the arrest and execution of numerous political adversaries whom he and his allies deemed to oppose the Revolution. Therefore, Robespierre was sent to the guillotine because it is he who is responsible for the reign of terror. He followed a policy of severe control and punishment. All those who he saw as enemies of the republic, members of his own party even who did not agree with his methods were arrested, imprisoned and tried by the revolutionary tribunal.
