The Wall Street Crash<span> of </span>1929<span> was the greatest stock market </span>crash<span> in the history of the United States. It happened in the New York Stock Exchange on Tuesday October 29, </span>1929<span>, now known as Black Tuesday. The </span>crash<span> started the Great Depression and stock prices did not reach the same level until late 1954.</span>
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More than any other founder, Alexander Hamilton foresaw the America we live in now. He shaped the financial, political, and legal systems of the young United States. His ideas on racial equality and economic diversity were so far ahead of their time that it took the nation decades to catch up with them. The Federalist Party supported Hamilton's vision of a strong centralized government and agreed with his proposals for a national bank and heavy government subsidies. In foreign affairs, they supported neutrality in the war between France and Great Britain. Jefferson strongly opposed Hamilton's financial plan because he feared it created a centralized government that took power that was better kept close to the people in local and state governments. During his time in Europe, Jefferson saw first hand how economic freedom and political freedom were related. Farmers poor The Wealthy educated people landowners Discussion : 1. What was Hamilton's position on representation? No, because he was talking about how representatives are evil. 2. In one of the most famous duels in American history, Vice President Aaron Burr fatally shoots his long-time political antagonist Alexander Hamilton. Hamilton, a leading Federalist and the chief architect of America’s political economy, died the following day.
Alexander Hamilton, born on the Caribbean island of Nevis, came to the American colonies in 1773 as a poor immigrant. (There is some controversy as to the year of his birth, but it was either 1755 or 1757.) In 1776, he joined the Continental Army in the American Revolution, and his relentless energy and remarkable intelligence brought him to the attention of General George Washington, who took him on as an aide. Ten years later, Hamilton served as a delegate to the Constitutional Convention, and he led the fight to win ratification of the final document, which created the kind of strong, centralized government that he favored. In 1789, he was appointed the first secretary of the treasury by President Washington, and during the next six years he crafted a sophisticated monetary policy that saved the young U.S. government from collapse. With the emergence of political parties, Hamilton was regarded as a leader of the Federalists.
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In 1729 James Oglethorpe's life was to change. The previous year, one of his friends, Robert Castell, was jailed in London's Fleet Prison because of his debts. At the time, inmates were forced to pay prison staff fees for decent room and board. Unable to pay, Castell was thrown into a cell with a prisoner who had smallpox. Castell's death from the disease led Oglethorpe to launch a national campaign to reform England's prisons. Named chairman of a parliamentary committee to investigate the jails, Oglethorpe saw firsthand the horrible conditions, abuses, and extortion prisoners faced. He also was alarmed that so many British citizens faced jail for no other reason than indebtedness.
As a result of the investigation a number of steps were taken to reform London's prisons. Oglethorpe's efforts to expose and correct prison abuses gained him national attention, and he became widely regarded as one of Britain's most active humanitarians. Prison reform did not, however, solve the plight of the large number of poor people in England. Oglethorpe and several colleagues from the jails committee, notably John Lord Viscount Percival (later the first earl of Egmont), began exploring the possibility of creating a new colony in America. They believed that if given a chance, England's "worthy poor" could be transformed into farmers, merchants, and artisans. But strict rules would be needed to prevent the class divisions that plagued English society. Thus, all the settlers would work their own land, with slavery and large landholdings specifically prohibited.
It is 2000 miles far from Songhai empire to the interior of the eastward of the empire. The capital of Songhai empire is Gao and it has an area of <span>1.4 million km². The history of this empire is that they started in fishing and trading and made a huge impact to the economy in the ancient time.</span>
