What is it called when a country is ruled by the states

Social Studies

1 answer:

tatyana61 [14]4 years ago

6 0

A confederacy, since rather than a single unified body it is a confederation of states or provinces.

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loris [4]

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Shays' Rebellion focused attention on serious weaknesses in the Articles of Confederation that prevented the national government from effectively managing the country's finances.

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vfiekz [6]

The Federal Reserve Act required all <u>national</u> banks to become members of the Federal Reserve System, while <u>state</u> banks could choose to become members of the system.

<h3><u>Explanation:</u></h3>

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President Woodrow Wilson signed the Federal Reserve act on December 23, 1913. The $63^{rd}$ United States Congress passed the law in the supremacy of President Woodrow Wilson. The Federal Reserve System was created and developed because of the Federal Reserve act which also affected the central banking system of the United States US.

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