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Alchen [17]
3 years ago
9

Which supreme court case in 1869 resolved the debate over whether states can secede from the union?

History
1 answer:
diamong [38]3 years ago
8 0
The case was "<span>Texas v white".

Texas v. White, (1869), U.S. Supreme Court case in which it was held that the United States is "an indestructible union" from which no state can withdraw. In 1850 the territory of Texas got $10,000,000 in government bonds in settlement of boundary claims. In 1861 the state withdrew from the Union and joined the Alliance. In 1862 the confederationist administration of the state exchanged the bonds to private people in installment for Confederate military supplies. After the Civil War the Reconstruction state government filed a suit in the Supreme Court trying to recoup the bonds, at that point held by citizens of different states.
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Answer:

Since the debt crisis, the idea that public credit is the first step aimed at the loss of national sovereignty through an economic intervention has expanded. China Qing and the Ottoman Empire were caught in the vicious circle of debt

It is a very similar story that two of the most powerful empires of the pre-modern era became states that depend on international credit in the industrial age. Qing China and the Ottoman Empire suffered a long period of decline that ended their imperial status by 1840.

Explanation:

The two countries suffered some kind of crisis towards the second half of the century that pushed them towards indebtedness abroad, which would lead to the contracting of debt in international markets in order to cope with their long decline, and with the hope of modernize their industry. Following that debt would lead them to accept, foreign intervention.

During the war, the Turks, without an army with the power to confront the Egyptians, had to request the help of their former enemies, forcing the intervention of Britain and Russia. International aid was not free, and its price was through the Balta Treaty, where Turkey agrees to adopt a free market system, withholding taxes on imports.

The case of the Qing dynasty in China was very similar. By 1820, the empire showed symptoms of clear economic damage. Stuck in an extremely restrictive trading system, through which all international trade demanded through the Cohong guild, China collided with Western interests during the First Opium War. The defeat marked the beginning of a long process of decline.

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