Education become compulsory in the United States of America in 1880. An Act was passed in 1880 which make it compulsory for parents to send their children to school until they are ten years of age. The right to education was extended to the blind and the deaf children in 1893.
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The southern colonies had very rich soil and flat ground, making it extremely easy to farm and grow crops. In the North the soul was thin and rocky, so they had to rely on the coast more than farming. The North made money through fishing, ship building, and other various non agricultural industries.
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Bear Stearns was a well known global investment bank that collapsed during the subprime mortgage crisis in 2008 when nervous investors pulled assets from the firm and was bailed out in April 2008.The Federal Reserve moved to assist by providing a $25 billion loan to Bear Stearns collateralize by JPMorgan, the Government bail out Bear Stearns because of the devastating damage to the economy if the firm were allowed to go bankrupt and the shattered confidence in financial markets that it would create in the financial securities trading firms in the world.