Having undertaken for the Glory of God, and Advancement of the Christian Faith, and the Honour of our King and Country, a voyage to plant the first colony in the northern parts of Virginia; do by these presents, solemnly and mutually in the Presence of God and one of another, covenant and combine ourselves together ...
The declarations of the letter to the U.S. Congress by the economists concerning the bailouts are evidently specified the disagreement of the source of the letter about the GM bailout. The document stated that the bailout would disrupt the notion of free market in U.S. and that it will break the people who held in the free market (Velasquez, 2012). Also, the bailout and government interference will shift the free market economy into socialism (ibid). The economists and other parties which is convoluted in the making of the letter, sustained the free market economy. They do not approve on government interruption as it disrupts the mechanism of the market that is free of any interference particularly from the government. The sources of the letter thought that it was GM’s own accountability to bail itself out of the insolvency. The bankruptcy was a consequence of bad management of the company and it was its own accountability to resolve the matter. The interference by the government will move the market mechanism. The bailout will disturb the equal right of the people of life, freedom, and possessions as what John Locke’s notion. Furthermore, government meddling will also lower the public’s safety based on Adam Smith’s theory.
Answer:
Reconstruction era began to restore the South after its destruction in the Civil War.
Explanation:
Reconstruction era tried to correct the issue of Southern state economic, political, and social. With the end of the Civil War, the Southern Economy was shattered with its currency invaluable, bankruptcy, fields with weeds.
Reconstruction, for the first time, introduced by President Lincoln to rebuilt the South again. There were several approaches regarding the Reconstruction in the South. Radicals believed that President Lincoln plan was not hash as it expected to be.
Presidential Reconstruction was the approach by President Lincoln that helped more tolerance way towards the South concerning plans for readmission to the Union.
Congressional Reconstruction (Radical) blamed the South and wanted to punish for causing the Civil War. They also introduced three amendments, including 13th, 14th, 15th Amendment. The amendments gave rights to the African American by making slavery illegal along with equal citizenship and protection of the laws.
Both wanted to rebuild the South and wanted to help after what they have suffered in the War.
