<span>Enslaved Africans traveled across the Atlantic Ocean to America by way of the "Middle Passage," since this was part of the "Triangle Trade" that existed between the New World, Africa, and Europe. </span>
Lowering bank reserve limits
In a fractional reserve banking system, as in the U.S. and the rest of the developed world, banks use deposits to create new loans. By regulation, they are only allowed to do so to the extent of the reserve limit. That limit is currently 10% in the U.S., meaning that for every $100 deposited with a bank, it can loan out $90 and keep $10 as reserves. Of that new $90, $81 can be turned into new loans and $9 kept as reserves, and so on, until the original deposit creates $1000 worth of new credit money: $100 / 0.10 multiplier.
Answer:
It established the principle of hiring federal employees on the basis of merit rather than political affiliation.
Explanation:
The Pendleton Act provided that federal government jobs be awarded on the basis of merit and that government employees be selected through competitive exams. The act also made it unlawful to fire or demote for political reasons employees who were covered by the law.
Answer:
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