Answer:
Carnegie Steel
Explanation:
Using the Bessemer process, Carnegie Steel was able to reduce the costs of steel railroad rails from $100 per ton to $50 per ton between 1873 and 1875.
The events that took place are matched to their causes rooted in the Articles of Confederation as follows:
- <u>Shays' Rebellion:</u> Could not maintain an army in peacetime
- <u>Mount Vernon Conference:</u> Could not regulate interstate trade.
- <u>Philadelphia Mutiny:</u> No power to raise money.
<h3>What are the Articles of Confederation?</h3>
The Articles of Confederation are the first written documents that were regarded as the Constitution of the United States of America, which was agreed upon by the thirteen (13) original states.
Under the Articles of Confederation, the federal government was unable to raise money due to the following reasons:
- The federal government was not given the power to regulate trade.
- The federal government needed approval of the states to collect taxes.
- The state and national currencies competed with each other.
In conclusion, the lack of enforcement powers under the Articles of Confederation also affected the ability of the confederate Congress to make decision because it made it very difficult, as they required nine (9) of the thirteen (13) original states to agree before they could take any action on a subject matter in accordance with Article VII.
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The New Deal emerged on the basis of economist John Maynard Keynes's thinking that in small economies the state must intervene in the economy by regulating it.
That's what Roosevelt did, intervening in the entire production system. First, it created an audacious public works plan aimed at securing jobs for the population. Then control the financial system and devalue the dollar to favor sales. It also created the Social Welfare, the purpose of protecting workers and the National Recovery Administration, with the aim of inducing entrepreneurs to settle between agreements on prices, discounts and production programs, eliminating free competition. Statistical control is also granted to investments, as profits from investments in stocks, bonds or funds are taxed. The hours of work.
Answer:
states, constituencies and community
Explanation:
