Slavery and royal rivalries. In the following decades, the Kingdom of Kongo became a major source of slaves for Portuguese traders and other European powers. ... A common characteristic of political life in the kingdom of Kongo was fierce competition over succession to the throne.
The Kongo king played a primary role in the highly centralized political and social structures. He retained the right to appoint and remove officials, but his authority was checked by the council of elders and the traditional rights of clan chiefs.
The 3/5ths compromise was the law that designated how slaves were to be treated and represented. Previously an African American was counted as only 3/5ths of a person, hence the name of the compromise.
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.
North Korean life expectancy is 71 years old.
Explanation:
The average for men is 67.2 years and for women its 75 years.
