Answer:
The Texas oil boom, sometimes called the gusher age, was a period of dramatic change and economic growth in the U.S. state of Texas during the early 20th century that began with the discovery of a large petroleum reserve near Beaumont, Texas. The find was unprecedented in its size (worldwide) and ushered in an age of rapid regional development and industrialization that has few parallels in U.S. history. Texas quickly became one of the leading oil-producing states in the U.S., along with Oklahoma and California; soon the nation overtook the Russian Empire as the top producer of petroleum. By 1940 Texas had come to dominate U.S. production. Some historians even define the beginning of the world's Oil Age as the beginning of this era in Texas.[1]
Explanation:
The more productive workers are, it might increase their earnings.
Answer: The Glass-Steagall Act was no longer preventing activities it was meant to prevent.
Explanation: 1. regulations covered fewer financial instruments as new financial instruments were developed. 2. Financial markets were becoming global, and U.S. regulations controlled only U.S. financial institutions. This reduced the ability of the United States to strictly regulate many financial institutions and 3. There was political pressure to reduce regulations, since people forgot that regulation had successfully controlled past banking problems.
The frase used in the Declaration of Independence that attempted to end the hierarchical system of distinct classes is:
<em>"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness." (quote, Declaration of Independence, 1776)</em>
This way, the Declaration of Independence makes all americans equals, not ruled by a King, and states Goverments' sole purpose is to secure the rights of life, liberty and pusuit of hapiness. It declares Goverments ' powers derive from the governed people consent and therefore, if it doesn't fulfil its purpose, the people has the right to alter or abolish it.
