If any pair of investors had the financial clout and lack of scruples required to engineer the bedlam of Black Friday, it was Jay Gould and Jim Fisk. As president and vice president of the Erie Railroad, the duo had won a reputation as two of Wall Street’s most ruthless financial masterminds. Their rap sheets boasted everything from issuing fraudulent stock to bribing politicians and judges, and they enjoyed a lucrative partnership with Tammany Hall power player William “Boss” Tweed. Gould in particular had proven an expert at devising new ways to game the system, and was once dubbed the “Mephistopheles of Wall Street” for his preternatural ability to line his own pockets. “[Gould’s] nature suggested survival from the family of spiders,” historian Henry Adams later wrote. “He spun huge webs, in corners and in the dark…he seemed never to be satisfied except when deceiving everyone as to his intentions.”
True, the Articles of Confederation gave little power to the central government. The main reason is the central or federal government couldn't tax the states.
Since the Cape Fear River was the only deep river in the Coastal Plain that emptied into the ocean, large ships could travel it to the ports of Brunswick and Wilmington. As a result, settlers could send their goods to market and could trade with other colonies and with Europe more easily.
Explanation: In the 1920s, the national banks made it far too easy for people to obtain loan to buy lands that is used for agricultural purposes. This made the supply of the agricultural product to far surpassed the demand, which become one of the things that contribute to the economic crisis in 1920s.
