The South was fighting a defensive war. The confederates prefer a defensive doctrine to defeat the numerically superior Union forces and to invite foreign powers especially Great Britain in their side thus winning the war against the Union forces in the American civil war.
Answer:
The school was completely destroyed by the Taliban in 2009. Salma, 17, recalls the day it was attacked. "It happened around 1 o'clock in the morning. I heard the blast.
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The Rio Grand River does NOT serve as a physical divider between Mexico and Canada. Instead it serves as part of the border between Mexico and the United States. The Rio Grande and the Rio Bravo del Norte are two different names for the same river TRUE.
Answer:
A central bank was needed to prevent the future panics is the correct answer.
Explanation:
The panic of 1907 is also known as the Bankers Panic .It was a financial crisis that occurred in US during mid October of 1907. During the crisis the New York Stock Exchange fell by fifty percent and due to panic people withdrew their money from banks and trust companies. The panic later spread throughout the nation. The panic happened due to the attempts to corner the market. Financier J.P Morgan prevented the panic from deepening by pledging large sum of money and by convincing other bankers to do the same. The panic highlighted the needs of an independent Treasury system to mange money supply and inject liquidity in the market when the need arose. Next year a committee was established by John D Rockefeller Jr. to find out the reasons of the crisis and propose solutions, it led to the creation of Federal Reserve System.
