Answer: The result was a result of the company's decision to lower wages. The organization lowered the wages while keeping rents in its company town high. The strike brought American railroads to a halt.
Explanation: The Pullman Strike affected rail transportation nationwide, essentially bringing American business and railroads to a halt. The workers resented not only cut in wages, but management's intrusiveness into their personal lives. The government however became involved, federal troops was sent to open railroads. The strike was a result of the company's decision to lower wages. The organization lowered the wages while keeping rents in its company town high.
The supervision of the functioning of the formal sources of credit is necessary because the banks should not only provide loans to rich sections of society but also to poor people.
<h3>What is loan?</h3>
Loan refers to the lending of money by one or more individuals or an organization to another. It is a sum of money that one borrow from a financial institution, usually a bank or credit union for business or personal purposes.
The supervision of the functioning of formal sources of loans is necessary to check whether the banks actually maintain the cash balance. Also, the banks should follow the right procedures of borrowing and lending money.
Hence, the supervision of the functioning of the formal sources of credit is necessary because the banks should not only provide loans to rich sections of society but also to poor people.
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Answer: Generativity Vs. Stagnation Stage
Explanation:
Generativity includes finding your life's work and adding to the advancement of others through various activities, for example, volunteering, tutoring, and bringing up kids. During this stage, middled-aged grown-ups start adding to the next generation, regularly through childbirth and thinking about others; they additionally take part in significant and gainful work which contributes decidedly to society.
The individuals who don't expert this task may encounter stagnation and feel as if they are not leaving a mark on the world in an important manner; they may have little association with others and little enthusiasm for profitability and personal development.
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