Answer:
He saved the American Economy and led to the establishment of the Federal Reserve.
Explanation:
JP Morgan was a businessman with contacts and investments in many different industries. These contacts, and his wealth, allowed him to wield huge control over the financial industry. This resulted in two big events. Firstly, there was the Gold Crisis of 1895. The US Treasury nearly ran out of gold and Morgan persuaded the president to use an old law to buy gold off him (And the rockefellers). This stabalised the American Dollar and averted crisis. A similar thing happened in 1907. Major New York banks were on the verge of collapse and Morgan held a meeting at his mansion where he forced the New York finaciers to come up with a plan. This they diid and the federal government saved the banks. Morgan also used his controlling interest in US Steel to buy the stock of a competitor whos stock was casuing a brokerage firm to collapse. Despite the anti trust legislation he purchased the stock, This restored confidence in the banking system and ensured the crisis was over.
More importantly, the event made the government realise that they couldnt rely on there always being a wealthy indiividual like Morgan to save the day should there be another crisis. This lead to the creation of the Federal Reserve System in 1913. This was a joint effort of a team of banking and political leaders, led by Senator Nelson Aldrich.
Answer:
the boogie man did naww jk idk honestly
Explanation:
Answer:
Freedom of religion is abused by some churches
There is a famous maxim: ‘the nearer the church, the farther from God’. This maxim aptly describes the state of most of the churches across the globe.
The churches impose outdated, parochial, orthodox limitations on religion, seekers of truth. The most absurd aspect of these limitations is distortion of the word of God given by enlightened Messiahs, Prophets, Gurus, and Messengers of God. The churches force people to pay more attention to rituals and services than on GOD. Seeking God with all one’s heart, mind, and body is less important than religious ceremonies, hollow prayer services. Most of the religious formalities conducted are devoid of sincere devotion, love, and reverence to God.
Hence, in spite of so many churches across the globe, there is no real God in them – only formalities. All the Messengers of God praised and worshipped God; but churches praise Messengers only. No Messenger of God intended to be worshipped and be the seekers’ ultimate goal. They intended the seekers to consecrate themselves to God realization. They gave the message of universal brotherhood of man and Fatherhood of God. They instructed mankind to see God in all and all in God. But churches have their own doctrines to promote. As a result there are certain clashes among people following different churches.
Churches should spread the divine messages of divine Masters and Messengers of God without any fanaticism. They should give unrestricted freedom to seekers and God should be the only priority. Only then churches all across will fulfill their purposes.
Explanation:
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The Magna Carta established the basis for representative democracy as it was the first attempt after the fall of the classical Graeco-Roman era of a form of parliament, where nobles would meet to deliberate the course of society,and advise the kings on policy issues. It was a paradigm shift from the absolute politics and power structures of dark Europe, forming to inspire future government discussions in England and USA.
Answer:
house of Representatives
Explanation:
The Democratic-Republicans' failure to execute their plan to award Jefferson one more vote than Burr resulted in a tie, which necessitated a contingent election in the House of Representatives. Under the terms laid out in the Constitution, the outgoing House of Representatives chose between Jefferson and Burr
