During the Revolution, men were off fighting for the new nation. Many of them had to take out loans to keep their farms going in their absence. After the war, the creditors wanted their money. Sometimes the states backed the debtors and ordered the creditors to forgive the debts. But, sometimes they backed the creditors and the peoples' farms - their homes - were foreclosed. Many men were put in debtor prison until family members could come up with the money to get them out.
The new nation was in a horrible crisis with inflation. The war had been financed by loans from Spain and France. The money had to be repaid, but because of the Revolution, a lot of business was lost from the former colonies. Trade with the British West Indies was gone. The new government asked the states for more money, but they said no.
The answer was to print more money, but of course, that never works. It made the money less and less valuable. So now the people had fistfuls of worthless money. So now you have all of these farmers, who had fought in the Revolution, unable to keep their farms. Now they cannot feed their family and they have no property, which at that time meant in most states they could not vote.
Having a reference allows all of the above given statements.
Answer: Option D
<u>Explanation:</u>
When some one has a reference for something, it allows the person to refer to the method in an explicit manner and also allows to refer to the method in an explicit manner.
The reference can be used to take in to the considerations the variables and the other methods of the object related to the calling of that particular method. It can also be used to refer to the object also. All of these can be referred to when a reference is given.
Disposition to be merciful and especially to moderate the severity of punishment dueb
an act or instance of leniency
pleasant mildness of weather
Answer:
According to the <u>Chapter 11 of the Bankruptcy Code</u> (the federal level law), bankruptcy temporarily relieves a company from its debts while it reorganizes and works out a payment plan with its creditors.
Explanation:
If the company <em>chooses to continue its operation</em> and find a way out of the crisis, it would opt for Chapter 11. While all the major decisions would have to be approved by the bankruptcy court, the company would be still allowed to continue its daily business activities and thus have a chance to become profitable. If the company opts for Chapter 7 of the Bankruptcy Code, it would have to cease its business operation completely.
