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.
The name of the labor group who tried to organize the miners in anthracite countries is Molly Maguires. This group is an Irish 19th-century secret society in Ireland. Some of its members were arrested by Franklin Gowen who was convicted of murder and executed by hanging in 1877 to 1878.
The use of indentured servitude was a feature unique to the English colonies in North America that gave them an advantage.
<h3><u>Indentured servitude: What is it?</u></h3>
Indentured servitude is a type of labor in which an individual signs a contract to perform unpaid work for a set period of time. The agreement, known as a "indenture," may be made voluntarily for future compensation or debt repayment or it may be required as a result of a court order.
Historically, it has been used to fund apprenticeships, usually when a trainee agreed to perform unpaid labor for an experienced worker in order to learn a trade. Later, it was also employed as a means of financing travel expenses to colonies in the Americas.
Learn more about indentured servitude with the help of the given link:
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The battle was in Stillwater, NY