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pickupchik [31]
2 years ago
15

Why did Congress pass the Federal Reserve Act in 1913, when the US had functioned without a central bank since 1836?

History
1 answer:
viktelen [127]2 years ago
5 0

Answer:

Congress passed the Federal Reserve Act in 1913, when the US had functioned without a central bank since 1836 because it wanted to end the numerous financial crises faced by the nation since its founding.

Primarily, the Federal Reserve Act of 1913 created the central bank of the United States.  Its purposes included the printing of currency, control of money supply, maximization of employment, and the minimization of inflation.

Explanation:

The nation needed to enjoy economic stability by having a central bank that executes the monetary policies of the Federal government.  The Federal Reserve Act provided the United States government with a safer, more stable, and more flexible monetary and financial system.  Since its establishment, it has worked to ensure the enthronement of an efficient national payments system, flexible money supply, and effective lending/borrowing mechanism to ease liquidity crises for the facilitation of investments and industrialization of the nation.

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Which statement about the United States in the years after World War I is false?
k0ka [10]

Answer:

The United States emerged from World War I heavily in debt to European nations.

Explanation:

This is not true

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2 years ago
What was the significance of the fifteenth amendment?
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The 15th Amendment to the United States Constitution was one of the three improvements made to the United States Constitution after the Civil War, it was known also as the Civil War Amendment. The motivation of the 15th Amendment was to guarantee that states or communities were not invalidating men the right to vote, simply,  because of their race.

After the Civil War, America needed to be reconstructed socially an structurally. During the reconstruction of the South, some Sothern states still fond ways to discriminate former slaves, and restrict voting to white men only. These restrictions on voting were revoked by the 15th Amendment, which President Jackson tried to reject with no success. Many states tried to deprive the black voters by creating preferential laws. One of such laws was the "Grandfather Clause", which stated that those who had the benefit or the right to vote prior to 1866 or 1867, or their lineal descendants, would be free from educational, property or tax requisites in order to vote.

As the last of the Civil War Amendments the 15th Amendment permit former slaves to congregate and select people to represent them. This amendment is important as an equitable principle, in deciding who has the right to vote; it acts as a significant event in the correction of the United States Constitution tp guarantee civil rights in general and voting rights, specially for its multiple racial population.

6 0
3 years ago
Read 3 more answers
Need the answer to question 1
Lyrx [107]
1. Americans felt the need to move west because they wanted to control the west part. 2. They also moved because they wanted cheap land to pay for.
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What is the common name of this region which has been called the "cradle of civilization", because
blondinia [14]

Answer:

The Fertile Crescent

Explanation:

because it had good land to farm in ,and a good water source with good climate most civilizations had to be near a water source during early civilization.

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At the end of the Cold War, why did<br> communist states collapse?
Nadusha1986 [10]

Answer:

On the night of November 9, 1989, the Berlin Wall—the most potent symbol of the cold-war division of Europe—came down. Earlier that day, the Communist authorities of the German Democratic Republic had announced the removal of travel restrictions to democratic West Berlin. Thousands of East Germans streamed into the West, and in the course of the night, celebrants on both sides of the wall began to tear it down.

The collapse of the Berlin Wall was the culminating point of the revolutionary changes sweeping East Central Europe in 1989. Throughout the Soviet bloc, reformers assumed power and ended over 40 years of dictatorial Communist rule. The reform movement that ended communism in East Central Europe began in Poland. Solidarity, an anti-Communist trade union and social movement, had forced Poland’s Communist government to recognize it in 1980 through a wave of strikes that gained international attention. In 1981, Poland’s Communist authorities, under pressure from Moscow, declared martial law, arrested Solidarity’s leaders, and banned the democratic trade union. The ban did not bring an end to Solidarity. The movement simply went underground, and the rebellious Poles organized their own civil society, separate from the Communist government and its edicts.

Explanation:

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