Marco Polo was the most famous Westerner that traveled on the Silk Road at age of 15
<u>ANSWER:</u>
The main duties of the Federal Reserve are
- Conduct the nation's monetary policy,
- Look over and regulate the banking operations
- Provide and maintain an effective system for payments and transactions.
<u>Explanation:</u>
These functions are of utmost importance to maintain the growing economy of the nation. Firstly, they have to ensure maximum employment in the country and stable rates with moderate long term rates of interest.
By regulating the bank operations, they are protecting the consumers' credit rights and strengthening the US security. They provide services to foreign official institutions as well. They also supervise the other reserve banks and branches of the same.
Demand for minerals increased after America shifted from Agrarian society to an industrial society.
Explanation:
After industrial revolution use of machines were extensive and huge which made mining possible. America is rich in minerals and metal resources huge hydraulic furnaces are used in mines in order to scarp out the silver, gold and copper which were available in abundance in America.
Mining had been active and much sought after at colonial times and after independence too. Gold rush in California made many mining facilities to be opened in America. Silver coinage promoted the silver mining industries in excavating out silver.
