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Anit [1.1K]
2 years ago
12

What happened to the karankawa tribe?

History
1 answer:
PilotLPTM [1.2K]2 years ago
5 0

 One of those bands, camped on the Guadalupe River below Victoria, was attacked by Texans in 1840 in retaliation for Karankawa raids on area settlers. Many Indians were killed in the attack, and the survivors fled down the coast where they settled about fifty miles southwest of Corpus Christi.

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Congress passed the Federal Reserve Act in 1913, when the US had functioned without a central bank since 1836 because it wanted to end the numerous financial crises faced by the nation since its founding.

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The nation needed to enjoy economic stability by having a central bank that executes the monetary policies of the Federal government.  The Federal Reserve Act provided the United States government with a safer, more stable, and more flexible monetary and financial system.  Since its establishment, it has worked to ensure the enthronement of an efficient national payments system, flexible money supply, and effective lending/borrowing mechanism to ease liquidity crises for the facilitation of investments and industrialization of the nation.

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