1. What is the difference between currency and the money supply?
Currency is the type of money being used (for example the Japanese Yen or the American Dollar). While money supply is the amount of money in an economy and the money being used.
2. How do banks make profits?
They make profits by giving loans and them collecting with interest.
3. Why might you want a loan to start a business?
One might want a loan to start a business because not every person has large amounts of money to start and maintain a business, so many will go to a bank to start-up.
4. What is the Federal Reserve?
The Federal Reserve is the central banking system of the United States.
Seems like he would be a refugee... i’m not 100% sure.
Answer:
After the abolition of slavery, former slaves had to integrate into society as free men and women. One of the common jobs that former slaves took up was sharecropping, in which a farmer would get a portion of the crops they harvested for a landowner. In this informational text, the author explores the difficulties for blacks and whites to adjust to the time period following the Civil War.
As you read, take notes on how sharecroppers were treated by landowners.
Associated Explainer
"An illustrated depiction of black people picking cotton, 1913" by Jerome H. Farbar is in the public domain.
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[1]When slavery ended in 1865, 4 million enslaved people were given their freedom. People who were born into slavery, like Houston Hartsfield Holloway, found that this important change also created a challenge. In his autobiography, Holloway wrote that he and other former slaves “did not know how to be free” and that “white people did not know how to have a free colored person about them.” His words reflect the difficulties of Reconstruction, a time period that came after the Civil War.
The correct answer is The schism resulted in two separate churches: the Eastern Orthodox Church and the Roman Catholic Church.
The Great Schism was the event that caused the rupture of the Church, separating it in two: <u>Roman Catholic Apostolic Church</u> and <u>Catholic Apostolic Orthodox Church</u>, from the year 1054, when the leaders of the Church of Constantinople and the Church of Rome mutually excommunicated.