They failed because nobody cared about the railroad. The railroad had to be a government project with leases to companies but the government was too much involved in the slavery issue that it didn't have time to deal with railroads. That's why railroads boomed after the civil war ended.
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The American resources that were the most important to the Spanish were gold and silver, while for the French it was the furs that they traded. England found great profit in the tobacco trade.
During the <u>Middle Kingdom</u> ( 2255-1650 B.C.E ) the Pharaohs began to work for the welfare of people. The whole Egypt was reunited under one rule and the period of Middle Kingdom is being called as golden age of Egypt because of economic, political and social stability of the period. Trade, arts and literature flourished during this period. The Pharaoh in the Middle Kingdom used to be "shepherd of his people" charged with the task of building public works and producing for the welfare of the Egyptians.
Answer:
The Federal Reserve Bank reports to the Congress and thus stand accountable to the people of U.S.
Explanation:
The U.S Federal Reserve Bank is commissioned by Congress with a specific authorization under the Federal Reserve Act of 1913. They are expected to report annually to Congress. The significant proportion of governors are named by the President. They should also need to confirm by Congress. And the election of the President and Congress by the people of the country have an indirect control on the Federal Reserve bank.
