Credit is essentialy a loan given that is paid back with interest. Arguably, credit caused the Great Depression. Many Americans invested in the stock market with credit when they did not have the money, so when a recession in the stock market occurred, many stockholders were in huge debt. Banks that lended money were out of money, and depositors lost money. This caused homes to foreclose, and because of the decrease in consumer purchasing power (people were in debt), companies laid off workers and unemployment rose.
Answer:
A. It was a highly influential abolitionist newspaper.
Explanation:
Andrew Jackson came from a very poor and uneducated family. His election as president showed that the "common man" could become president.
Both men foresaw the US as a great future power. However, they differed on the path the nation was to follow in achieving this role. While Jefferson preferred an agrarian nation, Hamilton favored an industrial and business intensive nation. As such, Jefferson detested Hamilton's idea of a strong federal government. Jefferson wanted the bulk of power to rest with the states. While Hamilton distrusted popular will and believed that the federal government should wield considerable power in order steer a successful course, Jefferson placed his trust in the people as governors. These major views were behind polarizing Washington's cabinet into two distinct factions. Hamilton's followers became known as Federalists and Jefferson's Democratic-Republicans. Hamilton and Washington were already close to one another so it makes sense that Washington gave Hamilton the attention he did. More than anything Hamilton's views were prized by Washington; he very well may have been the most socially liberal and economically liberal man of his time, Jefferson stood to counter this with ultra-conservative views and policies. The idea was for there to be a sort of balancing act with the cabinet and it worked out quite well for Washington and the united states. <span>Perhaps because of their differences of opinion, Washington made these two men his closest advisors.</span>
The House of Representatives is a 435-member body that meets in the south end of the Capitol building. Its members are chosen from districts apportioned by population - so, for example, California has many more Members than South Dakota, since the former has so many more residents - and are elected every two years. The Constitution specifically provides that the House has the sole power of impeachment, or of legal removal from office of federal officials that have committed "high crimes and misdemeanors," and also directs that any bills that raise revenue must originate in the House.
The Senate, on the other hand, is a 100-member body that meets in the north end of the Capitol building. Each state has two Senators, no matter how large or small the state might be, and Senators are elected for six-year terms. The Constitution directs that the Senate shall conduct impeachment trials, and that it should provide "advice and consent" to Presidential appointments and on treaties. The Senate is designed to be a bit more removed from the popular will than the House, to be, as Washington reportedly put it, the "cooling saucer" to the House's hot teacup.
