During the Age of Absolutism, several European monarchs intensified the power of their authority by emphasizing their divine right to rule and A) centralizing their power.
European monarchs clearly undrstood how powerful can get the local regional rulers. Considering the fact that they had armies and could always plot against the crown, monarchs had to do everything to prevent this from happening and establish all sources of power in the capital.
A. He Balanced the national budget
C. He supported welfare reform bill
Answer:
Banks needed a source of emergency reserves to prevent the panics and resulting runs from driving them out of business. A particularly severe panic in 1907 resulted in bank runs that wreaked havoc on the fragile banking system and ultimately led Congress in 1913 to write the Federal Reserve Act.
The powerful nations of Europe were ready to formally expand their empires into Asia and Africa. Known as New Imperialism, this desire for expansion was motivated by many things, not the least of which were the promise of economic growth, the sting of national rivalries, and a sense of moral superiority.
