Answer:
In the United States v. Nixon decision is considered a crucial precedent limiting the power of any U.S. president to claim executive privilege.
Explanation:
The United States v. Nixon was an outcome of the watergate scandal. During the hearing of the case by the United States supreme court, the court outwardly rejected the "absolute, unqualified Presidential privilege of immunity from judicial process under all circumstances."
This limited the power of any president in domains of executive privilege.
<em>T</em>he executive privilege is the right of the president of the United States and other members of the executive branch to conduct confidential communications such that they are resistant to the judicial
The United States of America
The author included the information about 1920 and 1925 because that was the time the U.S economy expanded rapidly, The Roaring Twenties. Until 1925 there wasn’t legal requirement to separate the operations of commercial and investment banks, the investment banking was consisted of <em>JP Morgan & Co, Kuhn, Loeb & Co, Brown Brothers and Kindder, Peabody & Co</em>. Their funds could be used to fund the underwriting business of the investment baking side.
In 1929 everyone was putting their savings into stocks, not only the wealth part but the poor part too and because of that the stock market reached the peak in August 1929. But than the production declined causing unemployment and with that the stock prices were much higher than their actual value. The economy was struggling, the debt was rising and the banks had and excess of large loans that couldn’t be liquidated.
In the 1930s over 9,000 banks failed because people didn’t trusted them to put their saving. The Great Depression the official unemployment rate was 25% and the stock marked declined 75% since 1929. But in 1933 now with Rooselvet’s administration he took immediate action about the economic woes first announcing that all banks would close, Bank Holiday. The Congress would pass reform legislation and reopen the banks. In “<em>first 100 days</em>” Roosevelt’s administration stabilized the industrial and agricultural production and created jobs and also created the Federal Deposit Insurance Corporation (FDIC) to protect depositors’ accounts and the Securities and Exchange Commission (SEC) to regulate the stock market and prevent what happened in 1929.
The big change between the crises in the 20s and 30s were all about who was in charge, President Hebert Hoover didn’t take much lead about the crises but Roosevelt did.
As a "Continent ravaged by a series of revolutionary movements".
After the events of the Second World War, the European countries which held colonies in the African Continent were no longer able to assign economic resources for their adequate maintenance, as they were heavily indebted due to the war. This lack of resources and subsequent mismanagement lead to a series of revolts within the African Colonies, which at the time were French Algeria, Portugues Angola, the Belgian Congo, and British Kenya.
It depends there are legal exceptions but it is banned for children 13 and younger