The Federal Reserve Act of 2000 says that the Fed "shall maintain <u>long run </u>growth of the monetary and credit aggregates commensurate with the economy's <u>long run</u> potential to increase production.
<u>Explanation:</u>
The Act was created in 1913 and signed by the then ruling president as a way of establishing economic stability. This act introduced the central bank to oversee the state monetary policies. The law was established to set out the structure, purpose and function of the Reserve System.
Due to recession and other financial crisis prior to 1913, investors lacked trust in bank systems, therefore the act was passed to bridge the gap between citizens and the banking system. Over the years it has been amended by Congress to keep up with the changing financial times.
Reconstruction continued until 1877 when President Rutherford Hayes was elected. His presidency allowed the South to regain political power and indirectly facilitated practices that prevented African-Americans and other minorities from enjoying the rights granted by the 13th Amendment
The answer is <span>The supreme court is most likely to consider reviewing a case if </span><span>it raises a constitutional question
hope it helped </span>°ω°
<u>Answer:
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The Mexican War was seen as a southern plot because the expansion of slavery across the southwest would add slave states to the country.
<u>Explanation:
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- It was believed that the Mexican War was a deliberate initiative of the leaders of the south with a view to acquire the Mexican land so that new slave states would be to the union.
- This was to make the side of the southern states stronger as far as withstanding the issue of the abolishment of slavery was concerned.
Explanation:
States with larger populations wanted representation based on population, while smaller states demanded equal representation. The Great Compromise provided something for large states and small states. It called for representation based on population in the House and equal representation in the Senate. The committee said both parts of the compromise must be accepted or both rejected.
