During the 19th century, what the major purpose of pools, trusts, and cartels was to organize illegally in order to maximize profits by eliminating business competition, and giving consumers limited choices.
Answer: Decisions by the Fed to allow the money supply to grow too quickly
Answer:
it could not stop the states from printing money
Explanation:
The situation of the masses worsened due to the violation of money circulation. The decline in the value of money began during the already War of Independence. If in September 1777 paper dollars issued by the Continental Congress were quoted at parity, then in December of that year, for a hundred paper dollars they would give only 74 dollars in hard currency, by the end of next year - 14, by the end of 1780 - 2 dollars, and in June 1781 inflation took such proportions that the population completely stopped accepting paper money, preferring the English, Spanish and French currencies.
The British King ordered them to pay taxes but the American colonists wanted to be independent so they made a document called “The Bill of Rights”. In that document, they listed their rights. Eventually, the British approved and America declared their independence and thats where the Declaration of Independence happened.
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