<span>Hey There,
The London Company was reorganized and became known as the Virginia Company.
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As a result of the great depression, congress established deposit insurance to make sure depositors did not lose money in a bank failure
This is further explained below.
<h3>What is
the great depression,?</h3>
Generally, The Great Depression, which lasted from 1929 to 1939, was the greatest economic slump in the history of the industrialized world. It started after the 1929 stock market catastrophe, which paralyzed Wall Street and caused the loss of millions of investors.
In conclusion, As a response to the Great Depression, Congress passed a law that mandated financial institutions to provide depositors with insurance in the event that the institution failed.
Read more about the great depression,
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Socialism is a concept that individuals should not have ownership of land, capital (money), or industry, but rather the whole community collectively owns and controls property, goods, and production. Ideally, in this system all share equally in work and the fruits of their labor. Ideally this is a Christian version of help the poor and needy, sharing equally, but in the real world this can cause some problems as we will see later. Under Capitalism, individuals own and control land, capital, and production of industry. Individuals are free to purchase and own their own homes, cars, furniture, and other goods such as TV, radios, computers, boats, or any thing else you might want. You have total freedom to live where you want and what type of job field you want to pursue. If you have an idea for a new business or invention, you are free to pursue this without government interference. Under this system you have the maximum number of choices in life. This is the 'pursuit of happiness' from the Declaration of Independence.
