Answer:
Option D.
Explanation:
To make discount loans to banks suffering from large withdrawals by depositors, is the right answer.
Passed by the U.S. Congress and signed into law by Woodrow Wilson, the then U.S. President, the Federal Reserve Act was an act that founded the Federal Reserve System of the United States. This system was comprised of twelve regional Federal Reserve Banks, which were responsible for controlling the money supply, offering loans and overlooking the banks and to serve as the lender of ultimate possibility. The main job of this reserve was to provide discount loans to banks undergoing massive withdrawals by depositors. Thus Option D will be the right answer.
Answer:
sharing all property and means of production.
Explanation:
The early ideas of socialism, put together by Karl Marx and Frederick Engels did not want to abolish property, as it is often mistaken,<u> </u><u>but to abolish bourgeois property and share it equally among the classes</u>. Early socialism concluded that too much political and economical power was in the ownership of the capitalist class that has the means of production of wealth such as banks, commerce, and factories. The idea was to <u>seize these means of production</u> and <u>share them with the working class</u> so it can be under their democratic control, instead of the rich having monopoly.