The answer is A, each is nominated by his or her respective party
Inflation and unemployment rose to their peaks by the end of the 1970s. This happened because the fiscal deficit was largely financed by the federal finances. Further, an energy crisis was being faced due to the increase in the price of crude oil. This led to overall inflation and economic instability.
Answer:
<h2>D. He rechartered the Bank of the United States. </h2>
Explanation:
Martin Van Buren was better at acquiring presidential power than using it for himself. Van Buren was elected president in 1836, but he saw financial problems beginning even before he entered the White House. He inherited Andrew Jackson's financial policies, which contributed to what came to be known as the Panic of 1837. It turned out to be the worst economic depression that the young nation had yet known. Do you know what led to the Panic of 1837?
Answer:
The correct answer is <em><u>D. He was the first president of the largest labor organization in the world.</u></em>
Explanation:
Samuel Gomper is one the key figures in American labor rights movements from the 19th century. His work began during a recession, where thousands of people in his city were unemployed and protesting.
He believed that each unemployed person was actually a consumer and if the Industrialists only kept on laying off people or not paying them well, it will eventually hit the pockets of the rich and degrade the economy further.
While he was a staunch anti-socialist, he did believe that proper labor representation would help in improving the lives of workers. As such, he worked to build the largest labor union in the world and was successful in improving wages and working conditions.
