All of the powers listed here are powers of a national or federal government as they reflect the jurisdiction to declare war, collect taxes (though some provinces in Canada can collect some of the income taxes and also provincial sales tax as well), the power to issue money ie it is the federal govt that prints money and or makes it available for projects, though a provincial govt and probably state govt has control over some spending, and the power to raise an army is only federal and conducting diplomacy is also a federal function.
With the establishment of yellow stone park, there was a huge damage done to the economy of the country but it would have the world's largest geysers.
<u>Explanation:</u>
The Yellowstone National park was established in 1872 in the United States of America. It got very famous because it had the most famous geyser and more than half of the geysers in the whole world and had great biodiversity in it. It also got famous because of it's huge size.
But because of the volcano in this national park, there is huge loss done to the economy of the country. If put in dollars, the loss triggered by the volcano is approximately $3 trillion which is around 16% of the GDP of the country.
North . The northern soil and climate favored smaller farmsteads rather than large plantations. Industry flourished, fueled by more abundant natural resources than in the South, and many large cities were established (New York was the largest city with more than 800,000 inhabitants). By 1860, one quarter of all Northerners lived in urban areas. Between 1800 and 1860, the percentage of laborers working in agricultural pursuits dropped drastically from 70% to only 40%. Slavery had died out, replaced in the cities and factories by immigrant labor from Europe. In fact an overwhelming majority of immigrants, seven out of every eight, settled in the North rather than the South. Transportation was easier in the North, which boasted more than two-thirds of the railroad tracks in the country and the economy was on an upswing. South . The fertile soil and warm climate of the South made it ideal for large-scale farms and crops like tobacco and cotton. Because agriculture was so profitable few Southerners saw a need for industrial development. Eighty percent of the labor force worked on the farm. Although two-thirds of Southerners owned no slaves at all, by 1860 the South's "peculiar institution" was inextricably tied to the region's economy and culture. In fact, there were almost as many blacks - but slaves and free - in the South as there were whites (4 million blacks and 5.5 million whites). There were no large cities aside from New Orleans, and most of the ones that did exist were located on rivers and coasts as shipping ports to send agricultural produce to European or Northern destinations.
Only one-tenth of Southerners lived in urban areas and transportation between cities was difficult, except by water. Only 35% of the nation's train tracks were located in the South. Also, in 1860, the South's agricultural economy was beginning to stall while the Northern manufacturers were experiencing a boom. The economic differences between the North and South contributed to the rise of regional populations with contrasting values and visions for the future.
