Explanation:
by fulfilling duties and tyranny
Answer:
exchange rate
Explanation:
When the conversion of money is done, it is done by certain rates and values of the currency. <u>Each currency has a specific value to the other currency.</u> The rates can be fixed, or they can be floating, which means the currency is changing constantly in accordance with the value, economic processes, regulations, etc.
<u>The current rate at which one currency can be exchanged for another is called the exchange rate. </u>
Number of banks, issuing it's own paper currency increased.
Answer: C. protect new industries
Explanation:
Tariffs are charges to imported goods with the double aim of reducing imports and earning more income from them.
In the early days of industrialization, the U.S. lagged behind the more advanced European economies which meant that the Europeans could produce things cheaper than Americans and therefore sell cheaper as well.
Congress therefore believed that to protect new companies that were rising to meet the challenge they had to impose tariffs so that people would stop buying more imports and switch to the goods produced by the new industries.
56 he died in 1865
Hope this helps!
