The Federal Reserve Act required all <u>national</u> banks to become members of the Federal Reserve System, while <u>state</u> banks could choose to become members of the system.
<h3><u>Explanation:</u></h3>
In 1913 an act was introduced under the command of Federal government. The act required all national and state banks to become members or to get merge into the Federal Reserve System. This act was known as the Federal Reserve Act. According to this act all the active national and state banks have choices to become members.
President Woodrow Wilson signed the Federal Reserve act on December 23, 1913. The
United States Congress passed the law in the supremacy of President Woodrow Wilson. The Federal Reserve System was created and developed because of the Federal Reserve act which also affected the central banking system of the United States US.
The Act was introduced to provide the establishment and foundation to the Federal Reserve banks. It also furnished the elastic currency of the federal corporation, which refers to discounting the use of commercial paper. It established an effective supervision for banking business world in the United States.
Answer: <em>Option (D) is correct</em>
The statement of activities is referred to as the main financial statements of a nongovernmental not-for-profit organization. A nonprofit organization's statement of activities is issued rather than the statement of income which is provided by an organization which looks to maximize profit. This concentrates on the total organization.
Answer:
The correct answer is - assumes government exists in order to improve society.
Explanation:
Progressivism is a philosophy or ideology that is solely based on the reform of the various field of society including technology, social organization, economical development, science, and others.
This is a political ideology that is based on the fact that government is for the improvement and betterment of the society, people, and nation.
The correct answer is - assumes government exists in order to improve society.
C: lowering trade taxes since they traded most materials to one another.
Answer:
I believe the answer is A. Carolina
Explanation:
I believe this because the slaves that escaped to Fort Mose mainly escaped from the Colony of Carolina.