Spain and Portugal were the two nations that had a head start in the age of exploration
<u>Federal Deposit Insurance Corporation FDIC</u> was created in 1933 and it insures deposits in banks and thrift institutions. FDIC increased the confidence of the citizens who have their money invested in banks and thrift institutions.
<u>Securities and Exchange commission</u> was formed in 1934 to regulate securities market. It is a federal government agency that is responsible for protecting investors ensuring the fairness of securities market. SEC gives confidence to investors by protecting them from manipulative practices in the market.
<u>Social Security Administration</u> is an independent federal government agency that offers social security to citizens. Social security is a social insurance program that includes retirement, disability and survivor’s benefits.
In a county commission form of government, a body of elected commissioners serves both the executive and the legislative duties, meaning they enact local ordinances and administer them. They approve budgets, oversee spending and hire county employees. The commission usually consists of three to five officials.
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The development of the Bessemer process affected the growth of cities because It enabled the mass production of steel, which was used to build new factories.
<h3>What is the Bessemer Process</h3>
The Bessemer process is a steel-making process, now largely superseded, in which carbon, silicon, and other impurities are removed from molten pig iron by oxidation in a blast of air in a special tilting retort
known as a Bessemer converter.
Through the development of the Bessemer process, more cities were built.
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Feudalism helps the reducing of a level of inequality in many European nations because it generates a tradition of state paternalism, which set the time for the modern welfare state. Feudalism rises the perfect monarchies. Feudalism helped to stabilize European society.
