<span>Europe’s increasing global power
between 1500 and 1900, was caused by factors both internal to Europe as well as
external. Internal factors include the Renaissance, Reformation demographic
changes such as increase in population and economic changes particularly the
industrial revolution. External factors include the decline of the Ottoman
empires and raw materials obtained from colonies </span>
The Federal Reserve (the Fed) is the central banking system of the United States. One of it functions is to manage the nation's money supply through monetary policy in order to maintain the stability of the financial system and the economy.
The Fed had the power<em> to increase the money supply</em>. If the Fed believes that the economy is operating well below its potential level of output, the money supply is <em>increased in order to stimulate the output and employment</em>. Output is the quantity of services and goods produced.
To increase the money supply means that people will have <em>more or excess</em> <em>money</em> to spend. Consumption will <em>increase</em>, people will demand more goods and services. Some may want to deposit the excess money in banks making the bank's excess reserves richer ( banks will own more money). If the banks own more money, they are willing to lend more. Banks will<em> lower</em> <em>interests rates</em> to motivate borrowing.
As the result of increased consumption and investment ( more money available, lower interests rates ) the country's<em> GDP will increase</em>. GDP is the market value of all the goods and services produced in the USA during a specific time.
<span>The Emancipation Proclamation issued by President Abraham Lincoln on January 1, 1863 that abolished slavery in all states including those in the Confederacy. It is still an important document today because it finally removed the practice of slavery in America. Never again would people be bought or sold like property and it also defined that all people were equal and that no one had the right to enslave another. General Order 143 that enabled slaves and free blacks to enlist in the Union Army during the Civil War. The color regiments performed well and President praised these men for their sacrifice in winning the war. It is still relevant today , we judge not by their color but how well they perform and how committed they are to the cause at hand.</span>
