The author included the information about 1920 and 1925 because that was the time the U.S economy expanded rapidly, The Roaring Twenties. Until 1925 there wasn’t legal requirement to separate the operations of commercial and investment banks, the investment banking was consisted of <em>JP Morgan & Co, Kuhn, Loeb & Co, Brown Brothers and Kindder, Peabody & Co</em>. Their funds could be used to fund the underwriting business of the investment baking side.
In 1929 everyone was putting their savings into stocks, not only the wealth part but the poor part too and because of that the stock market reached the peak in August 1929. But than the production declined causing unemployment and with that the stock prices were much higher than their actual value. The economy was struggling, the debt was rising and the banks had and excess of large loans that couldn’t be liquidated.
In the 1930s over 9,000 banks failed because people didn’t trusted them to put their saving. The Great Depression the official unemployment rate was 25% and the stock marked declined 75% since 1929. But in 1933 now with Rooselvet’s administration he took immediate action about the economic woes first announcing that all banks would close, Bank Holiday. The Congress would pass reform legislation and reopen the banks. In “<em>first 100 days</em>” Roosevelt’s administration stabilized the industrial and agricultural production and created jobs and also created the Federal Deposit Insurance Corporation (FDIC) to protect depositors’ accounts and the Securities and Exchange Commission (SEC) to regulate the stock market and prevent what happened in 1929.
The big change between the crises in the 20s and 30s were all about who was in charge, President Hebert Hoover didn’t take much lead about the crises but Roosevelt did.
A is the answer men women and children
Seminoles had a form of democratic government. After the Seminole wars, the democratic government did not work. Since the democratic government didn't work, they formed a clan which is a group of related family members. They picked one leader and his name was Osceola.
Hope this helps! - Oseli
Both compulsory and voluntary voting systems have merit, and this has to be considered if it were to be implemented in the U.S. A large benefit would be more voter representation. Democracy is very important to the united states, but low voter turnout means that it can be difficult for every person's voice to be heard. Furthermore, some people, like prisoners, don't get the right to vote, and this also hinders representation, especially concerning laws surrounding the justice system. However, a con of a mandatory system is that it Violates the freedom of choice, which in America value greatly. Free choice is an important right, and the government mandating voting can be seen as a violation of this. Making more people vote in incredibly needed yo have a healthy democratic country, but at the same time, it is also debatable whether mandatory voting is the best way to do it.
