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Progressivism is a political philosophy in support of social reform. It is mainly based on the big idea of progress in which most advancements in science, technology, economic development, and social organization are key to the improvement of the human condition. With that said, progressivism improved Texas as in the early misdist of the first two decades of the 20th century, Texas shares the optimism and confidence that was displayed in an earlier American society. Soon, Texas would become the source of corporate power in the verge of an oil boom that would overshadow its agricultural competitor. It was solid in the Democratic Party and was well known for segregating whites from African Americans while amongst barley tolerating Mexican Americans. It had embodied the tensions and contradictions of the new south while possessing what was written as “Cooley arrogant and self sufficiency” during the twenty year period , Texas persisted in political and social reforms while riots and campaigns in woman suffrage and regulation of large companies was at large.
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The correct answer to this open question is the following.
Although there are no options attached we can say the following.
How does Congress react to Paulson requesting a bailout of US banks totaling over 7 billion dollars?
Congress acted against it, and the House of Representatives voted against Paulson requesting.
Let's remember the moment. It was September 20, 2008, when US Secretary of the Treasury, Henry Paulson, submitted this proposal to the lower house of Congress. The House of Representatives discussed the proposal but considered that it was a tax imposition for US citizens to try to save the bad decisions of the bankers. So on September 29, the House of Representatives voted against the proposal, and immediately the stock changes of the world -including the New York stock exchange, of course- plummeted.
President George W. Bush had to swiftly react and signed the EESA Act (the Emergency Economic Stabilization Act of 2008 to rescue the financial institutions and banks with $700 billion.
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personal record, business record
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b it was destroyed in a fire,
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