What was the purpose of the National Banking Act? (Select all that apply.) to create a way to help the Union to finance the Civi
l War with treasury notes to empower the government to create a uniform national currency to stabilize the banking organization to create a "lender of last resort”
The correct answer is B) to empower the government to create a uniform national currency.
The purpose of the National Banking Act to empower the government to create a uniform national currency.
The National Banking Act of 1863 had one goal: the creation of a national banking system so much needed in those years and establishing a national currency in the country. The Civil War that had started in 1861 and ended in 1865 had hurt the country so much, caused so much destruction and made the country to increase its debt. SO the financial problems for the US were many.
The necessity of fighting off invading groups was one aspect of the Roman Empire that continued into the Byzantine Empire. The Byzantine Empire, a very powerful and vast civilisation, emerged after the Roman Empire during Late Antiquity and the Middle Ages. Constantinople became its capital.
As Eric Hobsbawm explained in <em>The Age of Extremes</em>, World War I happened when the European Empires were crumbling and falling into pieces. Liberal theorists opposed to war as a means of Empires to gain power over others. The economic costs clearly disfavored war but there were also the ethical and moral aspects that gained momentum prior to WW I. These aspects materialised again in the 70s (Vietnam war) when more people started to protest against the human costs of war.
