Ummmmm.... I don't know if I'm right... but I think its C
J.P. Morgan's involvement in the panic of 1893 set the American industry at its lowest as there was a huge economic depression and the nation's whole currency was dropping down. Insolvency of the government was inevitable unless a source of income was found.
<u>Explanation</u>:
- The U.S. economy was deteriorating under the falling prices and rising unemployment due do the panic of 1893.
- The treasury's reserves were also dropping due to the failing centralized banking system and the currency was not backed by gold.
- By January 24th 1895, the treasury reduced from a floor containing 100$ million to 68$ million.
- Wall Street financial John Pierpont Morgan. Son and grandson of Wall Street bankers, Morgan may have been the most repulsive man on the Street.
- Morgan as a secretive became the voracious gobbler of businesses including railroads and other businesses.
- He was an original Wall Street shark, swooping in to withhold a company that is not suspecting and then retreating into the murky liquidity of finance, leaving only his presence.
- Using his financial power to extract concessions from major U.S. companies, he exposed himself onto the ranks of managing boards by exchanging forgiveness of debt for seats.
- Grover Cleveland knew Morgan’s reputation and avoided his offers of help as long as he could but eventually he took his help later on.
The Great Schism was a tear in the Roman catholic church lasting from the 9th century to the 15th century. In the 14th century, it was a battle between 3 men claiming to be the pope, each man having a different religious belief and different followers. This began after the main pope, Gregory(I think that's his name) died and an election for a new pope arose. After 3 men were trying to become the true pope, it led to an outrage between the cardinals and the people(no not the football team cardinals.) After this was over in the 15th century, they finally elected Innocent VII as the official pope and ending any more chaos.
Answer:
The sinking of American merchant ships.
Explanation:
This angered the US and gave them reason to enter the war.