The bankers affected the economy during the second industrial revolution by they expanded the economy by financing business projects. Option A, is further explained below.
<h3>What is the effect of banks on the economy during the
second industrial revolution?</h3>
Generally, As the needs of businesspeople increased, so did the financial system's size and scope during the Industrial Revolution.
In conclusion, During the second industrial revolution, bankers developed the economy by lending money to businesses in order to create jobs.
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Explanation:
Federal Budget can be defined as a major plan for federal governments to predict future revenue and spending for a period of time which is usually a year.
These are the steps involved in creating the federal budget
STEP 1
The Office of Management and Budget (OMB) prepares a budget proposal.
Office of Management and Budget is part of the management office of the President that makes the president budget based on the spending proposals received from federal agencies. Office of Management and Budget also reviews the effectiveness of agency services, policies and procedures to see if they fulfill with the priorities of the President and manage inter-agency policy initiatives.
STEP 2
The president submits a budget proposal to Congress.
After the office of the management has prepared the budget, the president will then submit the Budget to congress for review. The Budget Committees of the House and the Senate hold hearings on the matter of the annual budget which gives the Congress an opportunity to layout it’s spending, revenue, borrowing and economic goals -- as well as providing the vehicle for imposing internal budget discipline through established enforcement mechanisms before deciding on the overall level of spending and taxation.
STEP 3
Congress decides on the overall level of spending and taxation and passes specific spending bills.
After series of meeting among the congress, the congress will then decides on the overall level of spending and taxation and passes specific spending bills.
STEP 4
The president signs the spending bills into law.
The Congress will present the spending bills to the President for his signature or veto, as proscribed by the Constitution. The President has ten days in which to decide: to sign the bill or to veto the bill, thereby sending it back to Congress and requiring much of the process to begin again with respect the programs covered by that bill.
they created the mission route and that helped them expand there religon
The Pax Romana took place throughout the surrounding region of the Mediterranean Sea, especially in Europe between approximately 27 BC. to the year 180 AC.
<h3>What was the Pax Romana?</h3>
Pax Romana is a Latin term to refer to a period in the history of the Roman Empire in which it reached high stability and was characterized by:
- Inner calm.
- Outside security.
- Maximum economic development.
- Maximum territorial expansion.
The main cause for this period of internal and external calm to take place was the absence of warfare that allowed all the empire's efforts to focus on other issues such as:
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