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Why was the Second Bank of the United States important, and what was Nicholas Biddle's role in it? The Second Bank of the United States was the most powerful bank in the nation. It held government funds and issued money. Nicholas Biddle, its president, set policies that controlled the nation's money supply.
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<em><u>The main role of peasants was that as the peasantd have to pay the tax even if they not had the amount of money with themselves</u></em><em><u>.</u></em><em><u>The rural peasantry made up the largest portion of the Third Estate. Most peasants worked the land as feudal tenants or sharecroppers and were required to pay a range of taxes, tithes and feudal dues. 3. A much smaller section of the Third Estate were skilled and unskilled urban workers, living in cities like Paris.</u></em>
In sum, Stowe's Uncle Tom's Cabin widened the chasm between the North and the South, greatly strengthened Northern abolitionism, and weakened British sympathy for the Southern cause. The most influential novel ever written by an American, it was one of the contributing causes of the Civil War.
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Reich also pointed out that when wealthy people give money to their town foundations, their tax-deductable donations stay in their own communities. The contributions enhance the schools’ success, which in turn increases the donors’ property value. In other words, the rich receive tax credits for giving money to themselves.
The size and enthusiasm of the American forces bolstered the French and British.