The policy is known as the "Open Door Policy."
John Hay created this idea in hopes that America and countries all over Europe could trade peacefully with China. This concept was developed in order to protect America's trade interests while also ensuring that no other country would establish a monopoly on trade with China. Within this policy, all countries would agree not to interfere with another country's trade with China.
The Federal Reserve System was basically set up to stabilize prices and price hikes. As an individual who was working at that time and I earned a certain amount but 2 years later dairy prices increased for example 5%, and wages stayed the same, that would cause me to get scared and fearful of other price hikes and the interest I was earning on the money in my bank didn’t change or possibly went down and I started to loose money I would panic and go grab my cash thus creating a run on the banks and an unstable banking system, economic growth is pressured so widespread panic happened and I believe a few times and of course caused banks to close and fail or come close in the early 20th century, before the Fed was created and signed under Woodrow Wilson who himself was an isolationist. Stability is key! Also USA relied on banks that would invest cash on our own country bonds. Where was the steady supply of cash? There was none. Causing the economy to fail. Basically the Fed was a system of failing banks that were tied together being bailed out by Wallstreet financiers working with the Government and Secretary of treasury came up with plans and similar agreements arose with similar failing banks but not insolvent banks or trusts agreeing to insure even its weaker banks/members. It stretched across the country governed by a national board of directors who set interest rates and controlled credit. It also as it evolved had the ability to regulate and supervise banking activities. Also the Fed would make sure that banks could keep up with changes in the demand for currency. To make sure commercial paper was available and lend if needed. Believe me it gets to confusing for me beyond this but these are the basic facts I am aware of. Even the issuing of paper money based on???
Answer:
1. about six years
2.In six weeks from 10 May 1940, German forces defeated Allied forces by mobile operations and conquered France, Belgium, Luxembourg and the Netherlands, bringing land operations on the Western Front to an end until the Normandy landings on 6 June 1944.
4.about 4 years
5. Allied forces take back North Africa, Italy Surrenders to Allied Forces, Dambuster Raids on German dams, Warsaw Jewish Ghetto Uprising, US General Dwight D.
Explanation:
