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Readme [11.4K]
3 years ago
10

How did the development of currency change trade?

History
1 answer:
max2010maxim [7]3 years ago
8 0

Answer:

Money allows people to trade goods and services indirectly. In a barter economy, a buyer must find a seller in search of the exact goods that he/she has to offer. With the gold standard, the money supply would be tied to the amount of gold the country possessed, and a restricted money supply could impede economic growth.

Explanation:

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Which of the following did NOT occur during the reign of Henry I?
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The first cross-state railroad ran from cedar key to
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The first cross-state railroad ran from Cedar Key, in Florida, to the Saint Mary's River in the southernmost point in Georgia.  The railroad was established in 1861, after a long and difficult planning and construction period.  It was the longest railroad in Florida before the Civil War. 
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PLEASE PLEASE HELP!!!!!!!!!!!!!!!!!
Novosadov [1.4K]

Answer:

i don't it is correct or not. sorry if it is wrong

Explanation:

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3 0
4 years ago
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What did the federal government do that contributed to the Great Depression?
ra1l [238]

The correct answer is indeed A) kept interest rates low.

Ok, let me try to resume.

When the central bank injects reserves, it encourages banks to lend out money at lower interest, attracting borrowers for this money and leading entrepreneurs to invest, once the higher interest rates would not be profitable. Interest rates coordinate savers and investors action. Investment requires resources to be frozen rather than consumed, meaning that less spending by the population reflects more resources available to fund these investments, resulting in a lower rate of interest.

When interest rates are pushed down by creating new money, the lower interest rate is not a representation of genuine savings by the public, it is artificially low. Increased business activity consumes resources while the population also keeps consuming more, causing a "tug-of-war" for resources between longer and shorter processes. When prices and interest eventually starts to rise, entrepreneurs find out their investment aren't actually profitable with these rates and are unable to complete the projects they started. This is the economic bubble, when the real economy can't withstand the perceived economy.

Now, finally going back into the answer.

During the late 1920s rates were kept artificially low by the Federal Reserve, sparking a boom, specially in the stock market, with prices rising up to 50 percent quickly. In 1929, once the government started tightening credit to cool down the overheated stock market it produced, the burst happened, leading the country into the Great Depression.

Sorry for the long explanation, hope you understand the concept ;)

4 0
3 years ago
According to the Anti-Federalists, a governing document such as the Constitution should most certainly
raketka [301]
Anti-Federalists were against the Constitution, so I'm fairly certain that the rest of that statement goes: 
According to the Anti-Federalists, a governing document such as the Constitution should most certainly fail to protect the rights of individuals and the states. 

That's the most I've got with how much you gave, I'll probably need specific choices to choose from for a more satisfying and accurate answer.
8 0
4 years ago
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