Answer:
A central bank was needed to prevent the future panics is the correct answer.
Explanation:
The panic of 1907 is also known as the Bankers Panic .It was a financial crisis that occurred in US during mid October of 1907. During the crisis the New York Stock Exchange fell by fifty percent and due to panic people withdrew their money from banks and trust companies. The panic later spread throughout the nation. The panic happened due to the attempts to corner the market. Financier J.P Morgan prevented the panic from deepening by pledging large sum of money and by convincing other bankers to do the same. The panic highlighted the needs of an independent Treasury system to mange money supply and inject liquidity in the market when the need arose. Next year a committee was established by John D Rockefeller Jr. to find out the reasons of the crisis and propose solutions, it led to the creation of Federal Reserve System.
Answer:
good your in middle school
Answer:
<em>In matriarchal societies women hold the power position, social privilege and control of property</em>. The Eastern woodland Indians lived east of the plains Indians. like other Indians they also used to depend on the natural resources. Because they lived in forests , they came to be called as Eastern Indians. All their basic needs such as food, shelter, clothing, tools and weapons were from forests. Their villages were near lakes or streams. The Cherokee, Mound Builders and Iroquois were important Woodland tribes, they used to live in longhouses and wigwams. In all of these eastern woodland societies the women held prestigious positions.
The answer for this question is the letter a.
The rise of the middle class came from two different groups of people, upper class families were one becuase of the amount of money it took to become a succesful merchant/ trader. The other group was merchants from the lower class who were often looked down upon but because of their succes in their respective guilds they were brought together. The middle class grew in importance due to the fact that there was a significant growth in the number of towns. The rise of the middle class created a merchant class, responsible for the growth of cities, increased trade, and lifted people from the lower class.
