At the time, the Lousiana Purchase doubled the size of the United States giving her power and resources(land, water, trade routes, minerals). It also gave America access to the ports in the area greatly aiding trade. The land had belonged to France before it was sold to America, so the purchase removed their presence in the area for the most part. It also fixed ties with France who had previously asked for aid in the French Revolution to which America said no; giving France money in the form of this purchase healed the connection slightly.
The Oregon territory officially belonged to Britain, but was mostly inhabited by Native Americans. It was a very large area that caused many disputes between the European colonists due to the fur-trade. America gained the land (segments of present-day Idaho, Oregon, Washington, Wyoming, and Montana) in 1859 when Oregon officially became a state. Many Native Americans were also sent here as America continued to gain territory. The giving over of the land was used to settle the boundary dispute between America and Britain.
Answer:
He saved the American Economy and led to the establishment of the Federal Reserve.
Explanation:
JP Morgan was a businessman with contacts and investments in many different industries. These contacts, and his wealth, allowed him to wield huge control over the financial industry. This resulted in two big events. Firstly, there was the Gold Crisis of 1895. The US Treasury nearly ran out of gold and Morgan persuaded the president to use an old law to buy gold off him (And the rockefellers). This stabalised the American Dollar and averted crisis. A similar thing happened in 1907. Major New York banks were on the verge of collapse and Morgan held a meeting at his mansion where he forced the New York finaciers to come up with a plan. This they diid and the federal government saved the banks. Morgan also used his controlling interest in US Steel to buy the stock of a competitor whos stock was casuing a brokerage firm to collapse. Despite the anti trust legislation he purchased the stock, This restored confidence in the banking system and ensured the crisis was over.
More importantly, the event made the government realise that they couldnt rely on there always being a wealthy indiividual like Morgan to save the day should there be another crisis. This lead to the creation of the Federal Reserve System in 1913. This was a joint effort of a team of banking and political leaders, led by Senator Nelson Aldrich.
It helps us better understand the choices of the people before us. If we don't learn about its history then the lives lost fighting would be worthless.
Yes that is true. The MPLA was able to gain control blah blah blah. Oi. I hate H&G.
