Eli Whitney was an American inventor known for inventing the machine that separates the seed from the cotton, called cotton gin. During a period of political instability, the War Department of the USA approved a contract of weapons purchase, and Whitney obtained the contract.
But the problem was the inventor never manufactured a gun in his life. The solution he had was the adoption of standardized parts to accomplish his task. This process created precision equipment that allowed the production of large numbers of identical parts quickly and at a comparably low cost. This new method transformed the manufacturing industry and contributed considerably to the US victory in the Civil War.
In conclusion, in order to attend the contract with the government and to multiply the number of guns produced, Eli Whitney had to resort in the standardized or interchangeable industrial development.
The Federal Reserve (the Fed) is the central banking system of the United States. One of it functions is to manage the nation's money supply through monetary policy in order to maintain the stability of the financial system and the economy.
The Fed had the power<em> to increase the money supply</em>. If the Fed believes that the economy is operating well below its potential level of output, the money supply is <em>increased in order to stimulate the output and employment</em>. Output is the quantity of services and goods produced.
To increase the money supply means that people will have <em>more or excess</em> <em>money</em> to spend. Consumption will <em>increase</em>, people will demand more goods and services. Some may want to deposit the excess money in banks making the bank's excess reserves richer ( banks will own more money). If the banks own more money, they are willing to lend more. Banks will<em> lower</em> <em>interests rates</em> to motivate borrowing.
As the result of increased consumption and investment ( more money available, lower interests rates ) the country's<em> GDP will increase</em>. GDP is the market value of all the goods and services produced in the USA during a specific time.
Answer:If I had to choose which colony to live in between Plymouth & Jamestown, I would choose Plymouth. The reason I would live in Plymouth is because I’d probably die in Jamestown because of an Indian attack, or a disease. In Plymouth, there is peace with the Indians and the colony. I also wouldn’t be in Jamestown because I am not a greedy person who looks for gold instead of food and starves to death because of it. I’d rather be searching for food and shelter rather than waste my time trying to find gold only to find fool’s gold. Also, think of the privilege it would be to witness the first Thanksgiving!
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Okie Dokie, where r the questions?
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im not free but you should try Socratic whoch finds answers to everything from multiple sites
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