Thomas Jefferson
Thomas Jefferson envisioned the American economy as one based on agriculture whereby farming agricultural produce formed the mainstay of the economy. The invention of the Gin for instance transformed the states agricultural landscape and led to development of an economy based on agriculture
Answer: Fractional reserve banking increases the money supply by lending out the money multiple times over -- so doesn't this by nature result in debt (that cannot be paid back) and/or inflation.
Explanation:
No it doesn't it states the peoples main rights in the whole nation
Answer:
I would take the loan.
Explanation:
I would take the loan because all around, $77 dollars is not that much money in itself. It would be fairly easy to pay your grandparents back eventually. Plus, if you have a strong desire and need for the item that costs $100, so much so that you would not mind paying technically $7 more to your grandparents in interest in total cost, it does not seem like so bad a decision. Overall, the interest rate would be 10%, which is quite low. In conclusion, I would definitely take the loan. :)
