Answer:
He saved the American Economy and led to the establishment of the Federal Reserve.
Explanation:
JP Morgan was a businessman with contacts and investments in many different industries. These contacts, and his wealth, allowed him to wield huge control over the financial industry. This resulted in two big events. Firstly, there was the Gold Crisis of 1895. The US Treasury nearly ran out of gold and Morgan persuaded the president to use an old law to buy gold off him (And the rockefellers). This stabalised the American Dollar and averted crisis. A similar thing happened in 1907. Major New York banks were on the verge of collapse and Morgan held a meeting at his mansion where he forced the New York finaciers to come up with a plan. This they diid and the federal government saved the banks. Morgan also used his controlling interest in US Steel to buy the stock of a competitor whos stock was casuing a brokerage firm to collapse. Despite the anti trust legislation he purchased the stock, This restored confidence in the banking system and ensured the crisis was over.
More importantly, the event made the government realise that they couldnt rely on there always being a wealthy indiividual like Morgan to save the day should there be another crisis. This lead to the creation of the Federal Reserve System in 1913. This was a joint effort of a team of banking and political leaders, led by Senator Nelson Aldrich.
The correct answer is:
North because its government had been in power longer
Explanation:
With Lincoln's election in 1861, Southern states believed they were no longer represented in the federal government, so they started to secede from the Union,<em> forming the Confederate States of America and naming Jefferson Davis as President. </em>
The North seemed stronger at the beginning of the Civil War (and it turned out it was) because the Union had been in power longer, and President Lincoln was the official President to the entire world, even though the South tried to win support from European countries. The federal government had power over the army and had naval power to block Southern ports and their economy.
The North also seemed stronger because of their bigger population and advanced industries.
Explanation:
the nations needed resources along with more land as to increase their empire. although risky, like Britain's American colony, they had a lot of benefits if pulled off corectly
When King Menes united the kingdoms of Upper and Lower Egypt by establishing a succession of rulers from the same family, he founded the first Egyptian empire. because he united the two kingdoms of the same place or region.
