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 short term effect is that the Southerners believed that Abraham Lincoln was an abolitionist and also felt betrayed by Stephen Douglas's suggestion that territories could refuse to grant slavery legal protection.
Explanation:
Lincoln-Douglas debates, series of seven debates between the Democratic senator Stephen Douglas and Lincoln Abraham.
Lincoln and Douglas were not simply campaigning for themselves but also for their respective political parties. The main focus of these debates was slavery and its influence on American politics and society—specifically the slave power, popular sovereignty, race equality, emancipation.
Lincoln, an obscure former state representative, argues that the nation would eventually encompass all slave states or all free states, and nothing in between. He cites the end of the Missouri Compromise and the Dred Scott decision as evidence that slavery is spreading into the Northern states.
Lincoln thought that the national government should ban slavery from expanding into new territories while Douglas thought popular sovereignty should decide whether the territories wanted slavery or not.
It was the last battle that led to the end of the American Revolution :)
The U.S. President, would be the correct choice! Please brainliest
