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Naya [18.7K]
3 years ago
9

What happened during a bank panic

Social Studies
1 answer:
MAVERICK [17]3 years ago
6 0
A banking panic or a bank panic is a financial crisis that occurs when many banks suffer runs at the same time, as people suddenly try to convert their threatened deposits into cash or try to get out of their domestic banking system together.
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What do Plessy v. Ferguson and Brown v Board of Education have in common?.
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Both the cases, Plessy v. Ferguson and Brown v Board of Education, involved interpretation of the Fourteenth Amendment.

In Plessy v. Ferguson (1896), the Supreme Court decided that racial discrimination in accommodations was permissible. After 58 years, the Supreme Court ruled in Brown v. The Board of Education of Topeka (1954) that racial accommodations were fundamentally unfair and therefore unconstitutional.

The Plessy v. Ferguson ruling, which sanctioned the "separate but equal" practises, was overturned by the Brown decision, making it a significant legal precedent. According to the Plessy decision's interpretation of the 14th Amendment, segregated facilities might be used to achieve legal equality.

Know more about Plessy v. Ferguson here

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White families who moved into gentrified communities usually professed liberal attitudes toward people of color. therefore, gent
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White families who moved into gentrified communities usually professed liberal attitudes toward people of color. Therefore, gentrification failed to increase the dialogue between the new white residents and the former black residents because of white residents' prejudices and discriminatory attitudes.

The word <em>gentrification</em> usually has a negative connotation. It refers to the displacement of the former residents by new members of the community. Former minority residents are forced to suffer a negative economic change and many times they are also the target of racial discrimination. The arrival of new residents results in a decline in the proportion of racial minorities and an increase in rents; therefore, former residents become more vulnerable. New white residents have a very different style of life, much wealthier than the racial minorities' lifestyle, and that is why gentrification has failed to increase the dialogue between these two groups.  

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