The three correct answers are:
- The government may need to have a broad role within society. Left-wing voters generally tend to believe in a greater involvement of the government in various aspects of the citizens' lives. These include the market, healthcare, education, income, the environment, and, indeed, societal relations. An example of a broad role of government within society would be its involvement in religion (should it pay pastors' salaries, for church renovations, etc.).
- Federal regulation can protect citizens from corporate greed. Federal regulation means that the government steps in to impose rules on the quality standards of some goods and services. The goal is to protect consumers from acts of "corporate greed" such as pharmaceutical companies producing unsafe drugs and selling them to people for profit. This is an example of government intervention in people's lives, and is therefore likely to be supported by left-wing voters.
- Social Security and other programs have helped improve society. Social Security is an example of government intervention in the field of welfare, more precisely healthcare and income. It consists in handing out money to support people in need, such as widows, disabled people, and the elderly. Social Security helps many retirees stay out of poverty, this is why left-wing voters are likely to believe it helps improve society.
One of the main factors which contributed to the Stock Market Crash in 1929, when the very loose regulations related to margin orders.
In financial terms, margin in an instrument which consists on depositing a collateral with a counterparty (generally the broker) to cover some of the credit risk that the depositor places to that counterparty.
In the 1920s, the mandatory requirements regarding margins were not very strict, and brokers asked investors to put in a small fraction of their own money. Leverage rates which measure the proportion of debt, reached 90% with a high frequency. Nowadays, the Federal Reserve has established the limit of 50%.
Back in 1929, when the stock market started to contract, many investors received margin calls. They had to hand in more money to their brokers, because the amounts required before were not enough and if not, their shares would be sold. Many people did not have the extra margin amounts required, their shares were sold and the market declined further. This generated more margin calls and more declines. This is why margin calls were one of the causes which triggered the Stock Market Crisis and, in turn, the Great Depression in 1929.
The purpose of the New Jersey Plan, proposed in June 1787, was to support the interests of the smaller states in the nation, in opposition to Virginia's plan, which argued for a powerful national government. William Paterson, the representative of New Jersey, presented the plan during the Committee of the Whole debates, which ran from June 16 to 19.
<h3>Further explanation</h3>
Let us summarise in a few points the main differences between these two plans, which represent two opposing visions for the future of the United States.
- The New Jersey plan defends a decision made by the states, the plan of Virginia defends that is the whole people who should decide thanks to the election of representatives.
- The New Jersey plan wants the states to have all the same number of representatives in parliament, Virginia's plan is that larger states have more representatives than smaller ones.
- The New Jersey plan prefers an executive power shared by several persons, Virginia's plan, the executive power in the hands of a single president.
- The New Jersey plan wants state laws to pass the laws of the country, Virginia's plan that the laws of the country be superior to all others.
It is finally the plan of Virginia which is adopted with 7 votes against 3. So, the United States moves towards a centralized decision and powerful big states, with small states relegated to the background.
<h3>Learn more</h3>
- How the US Congress works: brainly.com/question/3217978
- Facts about Virginia plan: brainly.com/question/2492
- The United States first governments: brainly.com/question/5148187
<h3>Answer details</h3>
Grade: 9 - 12
Subject: History
Chapter: The Birth of an American Empire
Keywords: New Jersey plan, Committee of the whole, the US politic, the United States congress history, Virginia Plan
