What prompted the French to install the Committee for Public Safety was the "Reign of Terror" In France (1793–1794), a devastating time of violence and death in the French<span> Revolution.</span>
Because he was a protestant in a catholic country
So, in order to access to the throne, he had to convert to the catholics.
That's why the church officials were so important, the people wanted to be sure he became a true catholic
("Pais vaut bien une messe")
Approximately $1.24 or more depending on weight
Answer:
A central bank was needed to prevent the future panics is the correct answer.
Explanation:
The panic of 1907 is also known as the Bankers Panic .It was a financial crisis that occurred in US during mid October of 1907. During the crisis the New York Stock Exchange fell by fifty percent and due to panic people withdrew their money from banks and trust companies. The panic later spread throughout the nation. The panic happened due to the attempts to corner the market. Financier J.P Morgan prevented the panic from deepening by pledging large sum of money and by convincing other bankers to do the same. The panic highlighted the needs of an independent Treasury system to mange money supply and inject liquidity in the market when the need arose. Next year a committee was established by John D Rockefeller Jr. to find out the reasons of the crisis and propose solutions, it led to the creation of Federal Reserve System.
