The Panic of 1837 was a financial crisis in the United States that touched off a major recession that lasted until the mid-1840s. Profits, prices, and wages went down while unemployment went up. Pessimism abounded during the time. The panic had both domestic and foreign origins. Speculative lending practices in western states, a sharp decline in cotton prices, a collapsing land bubble, international specie flows, and restrictive lending policies in Great Britain were all to blame. On May 10, 1837, banks in New York City suspended specie payments, meaning that they would no longer redeem commercial paper in specie at full face value. Despite a brief recovery in 1838, the recession persisted for approximately seven years. Banks collapsed, businesses failed, prices declined, and thousands of workers lost their jobs. Unemployment may have been as high as 25% in some locales. The years 1837 to 1844 were, generally speaking, years of deflation in wages and prices. Hope this helps.
Answer:
convicted
Explanation:
The term corrections typically refers to any action applied to offenders after they have been <u>convicted </u>and implies that the action is "corrective," or meant to change offenders according to society's needs. Corrections are aimed at deterring, rehabilitating, incapacitating, or simply to punish or achieve retribution on an offender.
A. lack of exercise it makes the most sense
The colonies did not like the way they were being treated, so they rebelled against the British.
The grant available to third- or fourth-year college students majoring in physical, life, or computer sciences is the SMART Grant.
Two grant programs based on need were created by The Higher Education Reconciliation Act of 2005 for complementing the <em>Federal Pell Grant Program</em>:
- The first is called ACG (Academic Competitiveness Grants). Undergraduates from first and second year who fulfilled a rigurous high school curriculum can be awarded with it.
- The second is called SMART (National Science and Mathematics Access to Retain Talent Grants). Undergraduates from third, fourth and fifth year majoring in technical fields, critical foreign languages, or who are part of a qualifying liberal arts program can be awarded with it.
