The Federal Reserve System is the central banking system of the United States. The primary motivation for creating the Federal Reserve System was to address banking panics. Other purposes are stated in the Federal Reserve Act, such as "to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States. It is what controls the money supply in the US.
Because the Northern States had already abolished slavery, and it was only the Southern States who were left to do so.
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The defeat of Japan led to the division, with a Soviet-backed communist government in the north and a U.S.-backed democratic government in the south.
Explanation:
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In a personalist regime, the power is held by a single leader, whose demands become law for the entire country.
This regime is a form of autocracy. It is a government system that operates as an absolute monarchy or a despotate. Personalist leaders are able to appoint friends or family to important offices. As a consequence, population gain respect for their leader. For example, the Kim dynasty in North Korea.
