Answer:
Creation of Federal Reserve System
Explanation:
An important innovation initiated by Wilson was a complete reorganization of the financial and banking system and monetary circulation. Today, it is difficult for Americans to imagine what kind of financial turmoil reigned in their country from the time of the Civil War until the beginning of the 20th century. At that time, about seven thousand banks were functioning. Gold and silver coins, certificates, notes of the National Bank were in circulation, and all the monetary circulation was under the full control of Wall Street.
To harmonize the financial system with the needs of the economy, Wilson was pushing for a law to create the Federal Reserve System (Fed), which serves as the central bank of the United States. The President adhered to the “golden mean.” He listened to the advice of conservatives and, for the sake of the effective functioning of the financial system, agreed to create 12 regional federal banks. However, the stumbling block was the principle of forming the Fed's board, which, according to the personal plan of Wilson and his progressive advisers, was supposed to regulate its activities. The president had to withstand the extraordinary pressure of banking tycoons accusing him of trying to strip them of control of their property. But he did not make any concessions, considering the appointment of the composition of the board of the Federal Reserve System solely the competence of the president. Therefore, in the management of the Fed, although its ownership is private, the state plays a significant role.
They felt that Latin American ports were of greater strategic value than Pacific ports.
Answer:
A
Explanation:
Booker T. Washington because it doesn't mention him being a part of the Harlem Renaissance in anyway.
Answer:
An Electorial college is a body of people representing the states of the US, who formally cast votes for the election of the president and vice president.
Explanation:
<h3>Who is a
Delegate?</h3>
A delegate means someone who is chosen to vote or make decisions on behalf of the group, people or country at a conference, meeting etc.
Delegate who believes the Nation should have a single executive:
- Ben Franklin was an example of delegate who believed that one was enough and the 1st one would be a good one.
Delegate who believes the Nation should have a Three-Member Executive:
- Ben Franklin did like the one person executive but he really wanted the three member executives because he believed they could lead the country better.
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