Answer:
1. Average annual income of 5000 guilders
2. the rarest tulip bulbs traded for as much as six times the average person's annual salary
3. When a currency's purchasing power decreases due to excessive inflation, serious negative economic consequences arise, including rising costs of goods and services contributing to a high cost of living, as well as high interest rates that affect the global market, and falling credit ratings as a result.
Explanation:
A number of factors contributed to the conditions that caused Tulip Mania. To start, the coin debasement crisis of the 1620s was followed by a period of prosperity in the 1630s. This prosperity coincided with an outbreak of the plague, which caused a labor shortage and increased real wages and surplus income.
Answer:
Incorrect. The federal government can mint money, but not just and member of the government can. Minting is don't through the US Federal Reserve. Other than that, no other branch has the right to mint money.
People believe that conventions created specifically for the ratification of amendments form better representations of the people's will. State legislatures can oftentimes be biased for or against a certain amendment for their own wellbeing rather than that of the people they represent.
One major historical example of this can be seen in the use of ratification committees for the ratification of the American Constitution; the Founding Fathers believed that certain state legislatures would not ratify the Constitution even if the citizens of the states wanted to, so special conventions were created to more accurately portray the will of the people.
check the attachment hope this helps
