Answer:
Creation of Federal Reserve System
Explanation:
An important innovation initiated by Wilson was a complete reorganization of the financial and banking system and monetary circulation. Today, it is difficult for Americans to imagine what kind of financial turmoil reigned in their country from the time of the Civil War until the beginning of the 20th century. At that time, about seven thousand banks were functioning. Gold and silver coins, certificates, notes of the National Bank were in circulation, and all the monetary circulation was under the full control of Wall Street.
To harmonize the financial system with the needs of the economy, Wilson was pushing for a law to create the Federal Reserve System (Fed), which serves as the central bank of the United States. The President adhered to the “golden mean.” He listened to the advice of conservatives and, for the sake of the effective functioning of the financial system, agreed to create 12 regional federal banks. However, the stumbling block was the principle of forming the Fed's board, which, according to the personal plan of Wilson and his progressive advisers, was supposed to regulate its activities. The president had to withstand the extraordinary pressure of banking tycoons accusing him of trying to strip them of control of their property. But he did not make any concessions, considering the appointment of the composition of the board of the Federal Reserve System solely the competence of the president. Therefore, in the management of the Fed, although its ownership is private, the state plays a significant role.
Answer: The system of cooperation known as feudalism ended around the 15th century
Explanation:
Answer:
Explanation:
northern Italy in 208 B.C., Roman forces defeated an army of reinforcements led by Hannibal's brother Hasdrubal, who had crossed the Alps in an attempt to come to Hannibal's aid. ... He then invaded North Africa, forcing Hannibal to withdraw his troops from southern Italy in 203 B.C. in order to defend his home state.
The holiday that was established in california in 1966 by scholar/activist dr. maulana karenga would be Kwanzaa. It is <span>a secular festival observed by many African Americans from December 26 to January 1 as a celebration of their cultural heritage and traditional values.</span>
A. while b and d are also true, a is the overall outcome of the turn of the century.
