Johnson was in a rough spot as president. He came into office immediately following the death of Kennedy, who had started Civil Rights legislation. Johnson did a great job of advancing that legislation in the form of the Civil Rights Act.
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Due to the fall in the stock market, there has been a decrease in consumer spending and investments. This was caused by a steep decline in industrial production and a rise in unemployment due to failed companies that fired their workers. After the fall in the first 10 months of 1930, 744 banks collapsed - 10 times more. In all, 9,000 banks collapsed during the decade of the 1930s. It is estimated that 4,000 banks failed only during one year in 1933. Until 1933, depositors lost $ 140 billion due to the failure of banks. This is too simplified to find out the decline in stock trading as a unique cause of the Great Depression. However, in 1932, when the country collapsed in the depths of the Great Depression and about 15 million people (more than 20% of the American population at that time) was unemployed.
Answer:
A law of the United States Congress entitled "Pacific Railroad Act
Explanation:
A law of the United States Congress entitled "Pacific Railroad Act" where it was authorized to provide assistance for the construction of a railroad and telegraph line from the Missouri River (in the center of the country) to the Pacific Ocean coast, assuring the Government of use of it for postal, military and other purposes. The law was passed by President Abraham Lincoln during the American Civil War and its objective was primarily military.
This law authorized extensive land concessions in the western United States and the issuance of 30-year government bonds (at 6% annual interest) for the Union Pacific Railroad and the Central Pacific Railroad ( Central Pacific Railroad) in order to both constitute the first transcontinental railroad in the United States.
This was the great impulse to launch the railways throughout the country and ensure that the future is transported cargo in a more economical and efficient way
Answer:
Constitutional Provisions
Constitution of the United States, Article I, Section 8: Gives Congress the power to declare war and raise and support the armed forces.
