The Anderson National Historic Site Located at Andersville, Georgia.
Answer:
He saved the American Economy and led to the establishment of the Federal Reserve.
Explanation:
JP Morgan was a businessman with contacts and investments in many different industries. These contacts, and his wealth, allowed him to wield huge control over the financial industry. This resulted in two big events. Firstly, there was the Gold Crisis of 1895. The US Treasury nearly ran out of gold and Morgan persuaded the president to use an old law to buy gold off him (And the rockefellers). This stabalised the American Dollar and averted crisis. A similar thing happened in 1907. Major New York banks were on the verge of collapse and Morgan held a meeting at his mansion where he forced the New York finaciers to come up with a plan. This they diid and the federal government saved the banks. Morgan also used his controlling interest in US Steel to buy the stock of a competitor whos stock was casuing a brokerage firm to collapse. Despite the anti trust legislation he purchased the stock, This restored confidence in the banking system and ensured the crisis was over.
More importantly, the event made the government realise that they couldnt rely on there always being a wealthy indiividual like Morgan to save the day should there be another crisis. This lead to the creation of the Federal Reserve System in 1913. This was a joint effort of a team of banking and political leaders, led by Senator Nelson Aldrich.
Answer:
Because romanticism emphasized intuition, feelings, individual acts of heroism, and the study of nature whereas the age of reason emphasized balance, order, and reason.
Explanation:
In an effort to discourage Japanese militarism, Western powers including Australia, the United States, Britain, and the Dutch government in exile, which controlled the petroleum-rich Dutch East Indies, stopped selling iron ore, steel and oil to Japan, denying it the raw materials needed to continue its activities in China and French Indochina.
One important difference between
the economic systems of the north and the south in the period 1790-1840 was Industrialization
and Immigration.
Basically, the slave economy of
the south supported agriculture, while the free society in the North facilitated
industrialization. By the mid-1800s, less than 10 percent of the United States'
industrial capacity was located in the South, whereas the North was responsible
for the production of 97 percent of the country's firearms and 93 percent of
its pig iron… 80 percent of the South population worked on the farms, whereas only
40 percent of the North were employed in agriculture.
The job opportunities created by
industrialization in the North served as a major attraction to European
immigrants, which led to building major cities in the North. By the mid-1800s,
the population of the North was about 23 million while the South's population
was around nine million.
