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.
A constitutional amendment..
Hope this helps
In order to form a more perfect union, establish justice, insure
domestic tranquility, provide for the common defense, promote the
general welfare, and secure the blessings of liberty to ourselves and
our posterity, do ordain and establish constitution t refers to the fairness of the distribution of benefits and burdens among persons or groups in society. It may be such things as pay for
work or the right to speak or vote. They may include almost anything
that can be distributed among a group of people that would be considered
useful or desirable, such as praise, awards, opportunities for
education, jobs, membership in organizations, or money.
hope it helps
Answer: if this is god plz brainliest me
On 20 October 2012, during her tour in Russia, Caballé suffered a stroke in Yekaterinburg and was quickly transferred to the Hospital de Sant Pau in Barcelona. In September 2018, she was admitted to the same hospital for a gallbladder problem. She died there on 6 October 2018 at the age of 85.
Explanation:
I think it’s D. Because it makes sense because the judicial branch is local.
