Answer:
He saved the American Economy and led to the establishment of the Federal Reserve.
Explanation:
JP Morgan was a businessman with contacts and investments in many different industries. These contacts, and his wealth, allowed him to wield huge control over the financial industry. This resulted in two big events. Firstly, there was the Gold Crisis of 1895. The US Treasury nearly ran out of gold and Morgan persuaded the president to use an old law to buy gold off him (And the rockefellers). This stabalised the American Dollar and averted crisis. A similar thing happened in 1907. Major New York banks were on the verge of collapse and Morgan held a meeting at his mansion where he forced the New York finaciers to come up with a plan. This they diid and the federal government saved the banks. Morgan also used his controlling interest in US Steel to buy the stock of a competitor whos stock was casuing a brokerage firm to collapse. Despite the anti trust legislation he purchased the stock, This restored confidence in the banking system and ensured the crisis was over.
More importantly, the event made the government realise that they couldnt rely on there always being a wealthy indiividual like Morgan to save the day should there be another crisis. This lead to the creation of the Federal Reserve System in 1913. This was a joint effort of a team of banking and political leaders, led by Senator Nelson Aldrich.
The main way in which a cataract can serve as a natural protective barrier is by reducing the amount of UV radiation that enters the eye from sunlight, which is also why it can lead to blindness, however.
Answer:
"…every member must have an equal and effective opportunity to vote, and all votes must be counted as equal."
Explanation:
don't forget to brainllest:)
Answer:
Explanation:
The branches must both cooperate and compete to enact policy. ... The central government under the Articles lacked a strong executive and a method for resolving ... three branches—legislative, executive, and judicial—so that each branch had to cooperate ... Accordingly, each branch of government has unique powers.
Answer:
Liberty versus strong national government, large states versus small states, and slavery.
Explanation:
Note: Those who supported the Constitution and a stronger national republic were known as Federalists. Those who opposed the ratification of the Constitution in favor of small localized government were known as Anti-Federalists. They both disagreed over the Constitution.
