In the 1920s, many rural banks failed because banks had speculated in stocks. This in turn, led to failure of such banks and then soon after the Great Depression followed.
Answer:
I think because if the lower house were to give their opinions on something that the whole room was speaking on and all of the lower house members agreed and most of the upper house members disagreed then that would be a problem for the lower house members. There are more upper house members than lower. So basically that's it.
Early mercantilism meant primarily aiming to reduce imports. This issue is related mainly to articles of luxury. The mercantilists believed fact that the foundation of the wealth of the state is a positive trade balance - the dominance of exports over imports. Source of such beliefs lay still in the medieval practice of governance - the monarchs gather financial reserves necessary for an effective policy. <span>However, in the developed theory of mercantilism, welfare of the residents and the strength of the state directly combined with the development of the industry. It is associated with it hopes for economic self-sufficiency of the country. In addition, the mercantilists preached direct relationship between economic power of the country's human potential.</span>