There were a number of world changing developments in science and art that made the world turn into more skeptical and individualistic with the modern age.
Explanation:
The defining events of scientific innovation of the time period in question was
-the discovery of AC electricity and its regular usage
-The theory of relativity
-the discovery of the atom
-the theory of evolution
-The development of the airplane
These discoveries completely transformed the life of the common person of the time and make them get over their older values of life.
In art there were also massive developments happening
-The publishing of the Origin of the Species
-The publishing of Karl Marx's work
The work of Sigmund Freud
-The work Neitzsche
These works transformed the way people saw the world around them and became skeptical of their accepted values of morality and the society that surrounds them.
The cheap fertile grass lands and the gold silver
Explanation:
Insurance is concerned with the economic problems created by pure risks. Speculative risks are not insurable. Both speculative risk and pure risk involve the possibility of loss. However, speculative risk also involves the possibility of gain as well - even if there is no loss.
Answer:
To put a little bit of context , Hamilton advocated for the creation of the national bank. This advocacy was pretty polarizing at that time. Some people support him, some people don't,
Explanation:
There are several reasons that made those people supported Hamilton:
1. Ability to control Inflation.
Not all people understood the concept of inflation at that time. But Hamilton and other supporters of the national bank realized that they need a centralized institution that has the authority to control the money supply and interest rates such as the national bank.
2. Controlling the local bank.
without the existence of the national bank, the local banks will left with too much power. For example, if those local banks wants to massively increase the interest rates for loan , there will be nothing that local people do could stop it.
3. Investment policies
National banks increase the chance of the government in obtaining their monetary budget. The can do this by selling government-owned securities.
