Answer: C
Explanation: In 1886, the Supreme Court ruled in Wabash v. Illinois that the state of Illinois could not regulate the rates that the Wabash Railroad was charging as its freight traffic was Interstate. It emphasized that only the federal government, through Congress had the power to regulate interstate commerce.
This case overturned the earlier Munn vs. Illinois case, whereby states had the power to regulate businesses dealing with interstate commerce.
The Wabash decision led to the creation of the Interstate Commerce Commission in 1887; this was the first modern regulatory agency of its kind.
Answer: The correct answer is : The person is considered as an agent and together with the broker-dealer must register with the state.
Explanation: An agent is anyone who represents a broker-dealer can be as an employee or as an independent contractor in a state and both have to register in the state, so that the agent can conduct business.
The ability to charge taxes is the first concurrent power that the federal and state governments share.
There is concurrent power between the federal government and the states. Both the federal government and state governments have access to this authority.
The federal and state governments can both exercise concurrent powers. These might entail taking steps like creating courts, levying taxes, getting loans, and making purchases. Generally speaking, these are the levels of power required to sustain public infrastructure.
Taxation is one of the concurrent authority examples that is most frequently mentioned. The federal government and the states both have the right to tax residents of the United States.
To learn more about concurrent powers
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-Throughout the nineteenth century, nativist objected primarily to Roman Catholics. (Because the loyalty of the Pope) and because their rejection of republicanism.
-during the civil war, nativist sentiment revived in the Gilded Age.
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