I believe the answer is: The government had little involvement with monitoring the health of banks.
The banks at that time were notorious for giving the credit without actually having enough capital to back the credit up, and a lot of reckless speculation were made by investment analyst who work for the banks Without government involvement, they have every freedom to do so. Over time, this create massive bubble that lead to the Great Depression.
Agriculture was the primary means of making money. This was because there were many open rural areas to start farms. Crops such as cotton and peanuts were grown.
The first English child born in the New World was Virginia Dare, in 1587. She was named after the Virginia Colony.
True. His name was <span>Ssu-ma Chien but they referred to him as Sima Qian :) ;)</span>
