The author included the information about 1920 and 1925 because that was the time the U.S economy expanded rapidly, The Roaring Twenties. Until 1925 there wasn’t legal requirement to separate the operations of commercial and investment banks, the investment banking was consisted of <em>JP Morgan & Co, Kuhn, Loeb & Co, Brown Brothers and Kindder, Peabody & Co</em>. Their funds could be used to fund the underwriting business of the investment baking side.
In 1929 everyone was putting their savings into stocks, not only the wealth part but the poor part too and because of that the stock market reached the peak in August 1929. But than the production declined causing unemployment and with that the stock prices were much higher than their actual value. The economy was struggling, the debt was rising and the banks had and excess of large loans that couldn’t be liquidated.
In the 1930s over 9,000 banks failed because people didn’t trusted them to put their saving. The Great Depression the official unemployment rate was 25% and the stock marked declined 75% since 1929. But in 1933 now with Rooselvet’s administration he took immediate action about the economic woes first announcing that all banks would close, Bank Holiday. The Congress would pass reform legislation and reopen the banks. In “<em>first 100 days</em>” Roosevelt’s administration stabilized the industrial and agricultural production and created jobs and also created the Federal Deposit Insurance Corporation (FDIC) to protect depositors’ accounts and the Securities and Exchange Commission (SEC) to regulate the stock market and prevent what happened in 1929.
The big change between the crises in the 20s and 30s were all about who was in charge, President Hebert Hoover didn’t take much lead about the crises but Roosevelt did.
Answer:
the queen of England granted exclusive right to east india company in 1600
<span>From pristine beaches to lush rainforests, the islands of the Caribbean represent paradise for many. </span>
<span>The Ancient Romans built roads for their military but it immediately helped commerce and political negotiations. There are some Roman roads still being used today.</span>
The correct answer is A) Head of state.
When Queen Elizabeth II of Britain hosts a dinner for the president of France, she is playing a role most similar to the role played by the President of the United States as Head of state.
One of the most important roles of the President of the United States is being the Head of State when he welcomes another President, Primer Minister, King, or King. The US President also is teh Chief diplomat of the nation.
That is why in this kind of diplomatic event, the official protocol states that it is the President the most important figure of the government -as in the case of Queen Elizabeth II- the ones that act as the highest diplomatic representative of the country.
