Bank of Amsterdam
The creation of Bank of Amsterdam allowed merchant firms to hold money on accountinstead of carrying precious metals as a form of payment for trade goods.
The Bank of Amsterdam, founded in 1609, was the primary public bank to supply accounts circuitously convertible to coin. As such, it may be described because the first true financial organization. The debut of financial organization money didn't result from any conscious policy decision, however, but instead arose almost inadvertently, in response to the chaotic monetary conditions during the first years of the Dutch Republic. This paper examines the history of this momentous development from the attitude of recent monetary theory.
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Answer:
B. The right of the U.S. to act as a police power in the Western Hemisphere nations.
Explanation:
The Roosevelt Corollary of December 1904 stated that the United States would intervene as a last resort to ensure that other nations in the Western Hemisphere fulfilled their obligations to international creditors, and did not violate the rights of the United States or invite “foreign aggression".
From the information stated above, we can infer that the correct answer choice is <u>B. The right of the U.S. to act as a police power in the Western Hemisphere nations.</u>
Explanation:
Marquis de Lafayette with the help of Thomas Jefferson composed "The Declaration of the Rights of Man"
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