The correct answer is Individuals buy U.S. treasury bills at the bank.
Treasury bills are securities that are issued by government through the federal reserve. Although they do not yield interest, they are sold on discount on their redemption price. They enable government to borrow on the short term
The Sugar Act placed a tax on molasses, sugar, and other products imported into the American colonies from places outside the British Empire. A similar law, called the Molasses Act, had been passed in 1733, but the people had not obeyed for two reasons:
<span>-The taxes were too high.
<span>-The British government did not try very hard to enforce it.</span></span>
They feared them because they were fearless and were very mischievous and didn’t care what anyone else thought of them.
The Gospel Wealth is <span>An essay written by Andrew Carnegie in 1889 that described the responsibility of philanthropy by the new upper class of self-made rich. The central thesis of Carnegie's essay was the peril of allowing large sums of money to be passed into the hands of persons or organizations ill-equipped mentally or emotionally to cope with them. As a result, the wealthy entrepreneur must assume the responsibility of distributing his fortune in a way that it will be put to good use, and not wasted on frivolous expenditure. The very existence of poverty in a capitalistic society could be negated by wealthy philanthropic businessmen and women.
Carnegie said
</span><span>No charity because it would create dependency - Carnegie</span>
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