Yes, your answer is the answer that I got. Nice job!
The government take an active role in the regulation of the u.s. financial system because commercial banks are essential to the creation of money and to the protection of American citizens.
Commercial banks are essential to the printing of banknotes and are therefore regulated by the government to make sure a sound and competitive financial system. Government is the best political party to maintain the financial system.
However, excessive state intervention is undesirable because it interferes with laissez-faire policies, which are very important for financial markets. Governments therefore have a challenging role to play. Its purpose is to ensure the smooth functioning of the financial system. However, this should be done without direct intervention.
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The Fifteenth Amendment to the US Constitution guarantees that no citizen will be denied the right to vote based upon their "race, color, or previous position of servitude." The Amendment was ratified on February 3, 1870 and was the third and final Reconstruction Amendment. This amendment was a major amendment in advancing racial equality in the United States in that it guaranteed African Americans the right to vote. However, it would continue to take years before the spirit of this law was fully implemented and continues to be challenged today in the courts.
Answer:
A participatory member of a political community.
Explanation:
A citizen is a participatory member of a political community. Citizenship is gained by meeting the legal requirements of a national, state, or local government. A nation grants certain rights and privileges to its citizens. In return, citizens are expected to obey their country's laws and defend it against its enemies.
