<span>he dominant social system in medieval Europe, in which the nobility held lands from the Crown in exchange for military service, and vassals were in turn tenants of the nobles, while the peasants were obliged to live on their lord's land and give him homage, labor, and a share of the produce, notionally in exchange for military protection.</span>
Inflation is the rise in the price of goods and services supplied in an economy.
As a monetary policy action, the federal reserve will increase the federal funds rate in order to reduce the flow of money supply to the economy. In other words, by making it more expensive for entities to borrow money, this will consequently reduce the amount of money that is circulating in the streets. By rule of supply of demand, as there is less money to buy products and services, the prices of goods and services will start to drop.
Gilded age, as the name implies that it is a period when the American economy’s growth is masked by urbanization and industrialisation but inherently there were problems like corruption and poverty.
There was extreme modernization due to the European immigrants who started to build factories and steel frame construction was possible at that time. People started to leave country side in search of towns and cities due to mechanization which helped for the swift progress of the economy.
The rich remained and poor lead a petty life as there was an impersonal relationship that existed between the owners and the workers and corruption was at its peak.
To balance the interests of both the small and large states, the Framers of the Constitution divided the power of Congress between the two houses. Every state has an equal voice in the Senate, while representation in the House of Representatives is based on the size of each state's population.
