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Alina [70]
3 years ago
9

I will give Brainliest!!

History
2 answers:
lord [1]3 years ago
8 0

The Federal Reserve (the Fed) is the central banking system of the United States. One of it functions is to manage the nation's money supply through monetary policy in order to maintain the stability of the financial system and the economy.

The Fed had the power<em> to increase the money supply</em>. If the Fed believes that the economy is operating well below its potential level of output, the money supply is <em>increased in order to stimulate the output and employment</em>. Output is the quantity of services and goods produced.

To increase the money supply means that people will have <em>more or excess</em> <em>money</em> to spend. Consumption will <em>increase</em>, people will demand more goods and services. Some may want to deposit the excess money in banks making the bank's excess reserves richer ( banks will own more money). If the banks own more money, they are willing to lend more. Banks will<em> lower</em> <em>interests rates</em> to motivate borrowing.

As the result of increased consumption and investment ( more money available, lower interests rates ) the country's<em> GDP will increase</em>. GDP is the market value of all the goods and services produced in the USA during a specific time.

Alla [95]3 years ago
3 0
  1. A decrease in interest rates.
  2. lower rates makes borrowing less costly to consumers,businesses and government,so consumption increases.
  3. Increased money supply stimulates output and employment.
  4. Fed can achieve this by purchasing US government securities
  5. banks are able to borrow at lower interest rates from the Fed.
  6. Increase in the money supply is mirrored by an equal increase in nominal output or GDP.
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HE GENTLEMEN'S AGREEMENT

See "The Surrender" painting by Keith Rocco

On the morning of April 9, while General Robert E . Lee realized that the retreat of his beleaguered army had finally been halted, U. S. Grant was riding toward Appomattox Court House where Union Cavalry, followed by infantry from the V, XXIV, and XXV Corps had blocked the Confederate path. Lee had sent a letter to Grant requesting a meeting to discuss his army's surrender and this letter overtook Grant and his party just before noon about four miles west of Walker's Church (present-day Hixburg). Grant, who had been suffering from a severe headache, later remembered that upon reading Lee's letter the pain in his head had disappeared. He stopped to prepare his reply to Lee, writing that he would push to the front to meet him.

The location of the meeting was left to Lee's discretion. Lt. Colonel Orville E . Babcock and his orderly, Capt. Dunn, took Grant's reply and rode ahead. Babcock found Lee resting under an apple tree near the Appomattox River. After reading Grant's letter, Lee, his Aide-de-Camp Lt. Colonel Charles Marshall, and Private Joshua O. Johns rode toward Appomattox Court House accompanied by Federal Officers Lt. Col. Babcock and Capt. William McKee Dunn. Marshall and Johns rode ahead of Lee in order to find a place for the generals to confer. As Marshall passed through the village he saw Wilmer McLean in the vicinity of the courthouse. He asked McLean if he knew of a suitable location, and McLean took him to an empty structure that was without furniture. Marshall immediately rejected this offer. Then McLean offered his own home. After seeing the comfortable country abode, Marshall readily accepted and sent Private Johns back to inform General Lee that a meeting site had been found.

Lee arrived at the McLean house about one o'clock and took a seat in the parlor. A half hour later, the sound of horses on the stage road signalled the approach of General Grant. Entering the house, Grant greeted Lee in the center of the room. The generals presented a contrasting appearance; Lee in a new uniform and Grant in his mud-spattered field uniform. Grant, who remembered meeting Lee once during the Mexican War, asked the Confederate general if he recalled their meeting. Lee replied that he did, and the two conversed in a very cordial manner, for approximately 25 minutes. The subject had not yet gotten around to surrender until finally, Lee, feeling the anguish of defeat, brought Grant's attention to it. Grant, who later confessed to being embarrassed at having to ask for the surrender from Lee, said simply that the terms would be just as he had outlined them in a previous letter.

The terms would parole officers and enlisted men but required that all Confederate military equipment be relinquished. The discussion between the generals then drifted into the prospects for peace, but Lee, once again taking the lead, asked Grant to put his terms in writing. When Grant finished, he handed the terms to his former adversary, and Lee -- first donning spectacles used for reading-- quietly looked them over. When he finished reading, the bespectacled Lee looked up at Grant and remarked "This will have a very happy effect on my army." Lee asked if the terms allowed his men to keep their horses, for in the Confederate army men owned their mounts. Lee explained that his men would need these animals to farm once they returned to civilian life. Grant responded that he would not change the terms as written (which had no provisions allowing private soldiers to keep their mounts) but would order his officers to allow any Confederate claiming a horse or a mule to keep it. General Lee agreed that this concession would go a long way toward promoting healing. Grant's generosity extended further. When Lee mentioned that his men had been without rations for several days, the Union commander arranged for 25, 000 rations to be sent to the hungry Confederates. After formal copies of the surrender terms, and Lee's acceptance, had been drafted and exchanged, the meeting ended.

In a war that was marked by such divisiveness and bitter fighting, it is remarkable that it ended so simply. Grant's compassion and generosity did much to allay the emotions of the Confederate troops. As for Robert E. Lee, he realized that the best course was for his men to return home and resume their lives as American citizens.

Before he met with General Grant, one of Lee's officers (General E. Porter Alexander) had suggested fighting a guerilla war, but Lee had rejected the idea. It would only cause more pain and suffering for a cause that was lost. The character of both Lee and Grant was of such a high order that the surrender of the Army of Northern Virginia has been called "The Gentlemen's Agreement."

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