Answer: A depression is a severe and prolonged downturn in economic activity.
A recession is a business cycle contraction when there is a general decline in economic activity.
Answer:
Before the establishment of the Federal Reserve System, the West was faced with financial crises. There were instances ok which there were a form of crises which led to fears and worries by bank customers. The people ran to their banks to withdraw their deposits. The failure of one bank often had a ripple effect in which customers of other banks rushed to withdraw funds from their own banks even if those banks were not involved in the crisis.
Banks needed a source of emergency reserves to prevent customer fears and banks being driven out of business.
This led to the set up of the Federal Reserve Act.
The Federal Reserve System was created to tackle these banking issues and also to make possible fostering a sound banking system and healthy economy.
Answer:
Calvinism had great influence throughout the world and as a result of this, there were many supporters to back up and vote in favor of chauvinistic ideas. As more governments were becoming democratic, more votes made more of the decisions.
Explanation:
I don't know a whole lot of Calvinism but this is the best I could do in 10 minutes
"patria" here means "fatherland"
expatriarion must then refer to loosing of a fatherland.
Specifically, the legal right of expatriation means that you can legally renounce a citizenship (in the US, this was made available in 1868).
