<u><em>Byzantium was never a city-state of great influence like that of Athens, Corinth or Sparta</em></u>, but the city enjoyed relative peace and steady growth as a thriving commercial city lent by its prominent position.
<u><em>The site was astride the land route from Europe to Asia and the sea route from the Black Sea to the Mediterranean</em></u>, and was in the Golden Horn. An excellent and wide port.
Already then, in the Greek and early times of Rome, <u><em>Byzantium was famous for its strategic geographical position that made siege and capture difficult, </em></u><u><em>and its position at the crossroads of the Asian-European </em></u><u><em>trade route on land and as the gateway between the Mediterranean and the Black Seas</em></u>, they turned it into a settlement too valuable to be abandoned.
The Federal Reserve controls the money supply by:
- raising or lowering the discount rate.
- by raising or lowering the reserve requirement.
- by buying and selling government bonds and treasury bills.
<h3>What is Federal Reserve?</h3>
It should be noted that the Federal Reserve simply means the bank that oversees the economic affairs in a country.
Here, the Federal Reserve controls the money supply by raising or lowering the discount rate, raising or lowering the reserve requirement, and by buying and selling government bonds and treasury bills.
Learn more about federal reserve on:
brainly.com/question/25817380
The Province of Canada, Nova Scotia, and New Brunswick
The correct answer for the question that is being presented above is this one: "<span>Progressives, such as Woodrow Wilson, supported financial reforms because they believed the nation’s financial system was overly controlled by bringing</span><span> all sides together on the issues of money and banking by the creation in 1913 of the Federal Reserve System, a complex business-government partnership that to this day dominates the financial world."</span>