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Juli2301 [7.4K]
3 years ago
12

Why did the president madison and congress approve the creation of a new national bank?

History
2 answers:
uysha [10]3 years ago
6 0
 <span>The country's financial woes began in 1811 when many </span>new<span> banks sprung up overnight without any regulation and without a </span>national bank<span> to constrain them. ... </span>Madison was<span> now urging</span>Congress<span> to once again consider the operation of a </span>National Bank<span> and the </span>establishment<span> of a uniform national currency</span>
Paha777 [63]3 years ago
4 0

He believed a bank was necessary to finance the war with Britain. But later that year, progress in peace negotiations led Madison to withdraw his support for the proposed national bank. After peace with Britain came in 1815, Congress rejected new efforts to create the bank.

Picture of President Madison at the bottom

DangerouslyCuteWolf

(A.K.A. DangerousGachaWolf) signing off!

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Under President Carter, the Federal Reserve raised interest rates in an attempt to slow down inflation. lowered interest rates i
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The correct answer is A) raised interest rates in an attempt to slow down inflation.

<em>Under President Carter, the Federal Reserve raised interest rates in an attempt to slow down inflation. </em>

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3 years ago
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3 years ago
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victus00 [196]
Harappan Civilization's writing has never been decoded. Harappan Civilization is a part of the Indus Valley Civilization. The languages of the Harappan Civilization belong to the Bronze Age and they are still today a mystery. This language is totally unattested to any source that is readable. This is one mystery that is yet to be solved.
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