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.
Trading Companies helped to bring settlers to New Netherlands in the 1600s
Yes, it is true that historians believe that the time from prehistory to the development of agriculture spans more than two million years, since it is thought that humans first appeared on Earth roughly six millions years ago.
Senator Beveridge used economy, political and religious motives to build his argument that America should imperialize.
<u>Explanation:</u>
Under the insight of many researchers and scholars, Americans main motive from the war was humanitarian. Senator Beveridge used economy, political and religious motives to build his argument that America should imperialize.
With his skill in oratory, Beveridge reached the crowd to make them understand he need of imperialism. He believed, the country needed to get access into raw materials and spread Christianity and western ideas around the world.
He believed the economic, ethnocentric and religious and political ways with military would take the country to better living and standard and for better development.
Answer:
FIRST ONE IS WRONG AND THE LAST TWO ARE CORRECT
Explanation:
A+B=90 IS WRONG ITS 180
90+B=180 IS RIGHT BECAUSE ITS 90 + A 90 DEGREE ANGLE
180-B=A IS CORRECT BECAUSE B IS 90 SO 180 - 90 = A. A=90
