Here's the definition, it might help: a state in which the supreme power rests in the body of citizens entitled to vote and is exercised by representatives chosen directly or indirectly by them.
Factory owners strongly supported an open immigration policy during the late 1800s.
I would suggest posting this again :)
So after the Bank Holidays, in which all banks were shut down, he come up with a plan that would insure the money will be there for them, which was cause by the creation of Federal Deposit Act, along with the Glass-Steagall Act in 1933
