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The following were the challenges faced by North Carolina’s banking system in the early 1800s:
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There was too much paper currency -
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The paper currency that was in circulation, which was actually a promissory note, had become a very common method of payment.
The problem of the storage and reciprocation of this currency had already started to become a huge problem.
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Rural areas did not have many banks -
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Though substantially large populations also lived in the rural areas, the network of banks had not yet reached rural areas. As a result, a large faction of the population was being left out of the banking system.
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Bartering and trading were very common -
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Though the system of paper money had bee introduced already, many people still continued to use the same old bartering system in which the exchanged commodities for commodities.
Answer:
The answer is explained below.
Explanation:
Unitary and Federal are types of government.
In unitary governance more power is exercised by the central government, there is very little power for local government and the central government uniformly applies its power throughout, it also takes all the major decisions. . Most of the unitary governments have been either totalitarian or democratic. France is a democracy governed by unitary form of government. UK and China also have unitary governments.
Power is diffused in federal form of government, is divided between local and federal governing bodies. Federal form of government is mostly found in multi national states and countries having diverse ethnicity. Belgium and US have have federal form of government.
The geographic location of New Orleans made it, along with Savannah, an ideal center of the slave trade in the United States.
New Orleans sits on the Mississippi on the Gulf of Mexico. As a result, ships carrying slaves could go from anywhere in the world and have access to the river systems of middle America where slaves were being used.
The primary purpose of the European union is to promote peace, establish a unified economic and monetary system, promote inclusion and combat discrimination, break down barriers to trade and borders, encourage technological and scientific developments, and champion environmental protection.
