Answer:
A central bank was needed to prevent the future panics is the correct answer.
Explanation:
The panic of 1907 is also known as the Bankers Panic .It was a financial crisis that occurred in US during mid October of 1907. During the crisis the New York Stock Exchange fell by fifty percent and due to panic people withdrew their money from banks and trust companies. The panic later spread throughout the nation. The panic happened due to the attempts to corner the market. Financier J.P Morgan prevented the panic from deepening by pledging large sum of money and by convincing other bankers to do the same. The panic highlighted the needs of an independent Treasury system to mange money supply and inject liquidity in the market when the need arose. Next year a committee was established by John D Rockefeller Jr. to find out the reasons of the crisis and propose solutions, it led to the creation of Federal Reserve System.
Answer:
Most of the populations of countries in East Africa earn their livelihood through agricultural activities because the region has a high percentage of people living in rural areas. Large families fuel an ever-increasing rural-to-urban shift in the population, causing the cities to grow at an unprecedented rate.
Explanation:
Answer: I think it's a coup
Explanation: Sorry if it's wrong.
FIND IT OUT YOUR GOSH DARN SELF STOP ACTING STUPID AND LOOK BACK IN THE TEXT
