After the Revolutionary War, the colonists created an executive branch with constitutional limits in order to prevent tyranny from the government and let the states still have power.
The Articles of Confederation was the first constitution for the United States, it was very weak and gave the national government little to no power. The government could barely create and enforce laws, regulate trade, draft soldiers, or tax the people.
Some people preferred this, as they felt like the power should be in the hands of the people and were scared of tyranny, as they had just broken away from British rule during the Revolutionary War. Still, some people wanted to create a stronger government and felt like the Articles of Confederation were doing more harm than good.
During the Constitutional Convention of 1787, the Articles of Confederation ended up getting scrapped and the United States Constitution was created instead. This created three branches of government, one of them being the executive branch, where the president is. Many people feared that the president would become too powerful, so they made each branch have constitutional limits. These are called separation of powers and checks and balances, each branch is powerful in its own ways and holds certain powers over others to keep each other in check.
Where are the choices tonoick from
The most common language spoken in this part fo the world is English
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???
