Answer:
Banks needed a source of emergency reserves to prevent the panics and resulting runs from driving them out of business. A particularly severe panic in 1907 resulted in bank runs that wreaked havoc on the fragile banking system and ultimately led Congress in 1913 to write the Federal Reserve Act.
The Voting Rights Act of 1965, signed into law by President Lyndon B. Johnson, aimed to overcome legal barriers at the state and local levels that prevented African Americans from exercising their right to vote as guaranteed under the 15th Amendment to the U.S. Constitution.Nov 9, 2009
No World War III.
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Answer: According to many historians, the revolution was a success.
Explanation:
The Mexican Revolution was bloody and long-lived, killing over 100,000 lives. The literature states that a successful revolution requires four steps. The first is the state of relations in the world the second condition is a political crisis that paralyzes the country, and the third condition is a widespread peasant revolt. In contrast, the fourth condition is the existence of a dissident political movement.
The fact is that the revolution in Mexico has had all of the above. The Mexican Revolution resulted in the overthrow of the old aristocratic, landowning elite, which also lost its political power. One of the main results of the revolution was the redistribution of land ownership, the Catholic Church was stripped of its political and economic power, and the state became a significant factor in regulating relations in society.
