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alexdok [17]
3 years ago
13

Which led to the 1905 revolution?

History
1 answer:
dlinn [17]3 years ago
8 0

Answer:

The 1905 revolution was spurred by the Russian defeat in the Russo-Japanese War.

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What was an important difference between Edison‘s inventions and those dire industrial technologies after civil war?
allsm [11]

An important difference between Edison‘s inventions and those dire industrial technologies after the civil war was Edison's early inventions did not favour mass production of goods.

<u>Explanation: </u>

The emergence of urgency for new industrial technologies resulted in the invention of many crucial machines and devices. These technologically advanced machines proved beneficial in undertaking mass production of commodities.

The early inventions of Thomas Alva Edison were not relevant to the contemporary need of the industry as the inventions were that of the phonograph and the incandescent bulb.

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3 years ago
Explain how banks are given the right to create money by the USA Government. In what form does the money take?
Gala2k [10]

Answer:

are intertwined. It is not just that most money is in the form of bank accounts. The banking system can literally create money through the process of making loans. Let’s see how.

Start with a hypothetical bank called Singleton Bank. The bank has $10 million in deposits. The T-account balance sheet for Singleton Bank, when it holds all of the deposits in its vaults, is shown in Figure 1. At this stage, Singleton Bank is simply storing money for depositors; it is not using these deposits to make loans, so it cannot pay its depositors interest either.

The assets are reserves ($10 million). The liabilities + net worth are deposits ($10 million).

Figure 1. Singleton Bank’s Balance Sheet: Receives $10 million in Deposits.

Singleton Bank is required by the Federal Reserve to keep 10% of total deposits, or  $1 million, on reserve to cover withdrawals. It will loan out the remaining $9 million. By loaning out the $9 million and charging interest, it will be able to make interest payments to depositors and earn interest income for Singleton Bank and make interest payments to depositors (for now, we will keep it simple and not put interest income on the balance sheet). Instead of becoming just a storage place for deposits, Singleton Bank can become a financial intermediary between savers and borrowers.

This change in business plan alters Singleton Bank’s balance sheet, as shown in Figure 2. Singleton’s assets have changed; it now has $1 million in reserves and a loan to Hank’s Auto Supply of $9 million. The bank still has $10 million in deposits.

The assets are reserves ($1 million) and loan to hank’s auto supply ($9 million). The liabilities + net worth are deposits ($10 million).

Figure 2. Singleton Bank’s Balance Sheet: 10% Reserves, One Round of Loans

Singleton Bank lends $9 million to Hank’s Auto Supply. The bank records this loan by making an entry on the balance sheet to indicate that a loan has been made. This loan is an asset, because it will generate interest income for the bank. Of course, the loan officer is not going to let Hank walk out of the bank with $9 million in cash. The bank issues Hank’s Auto Supply a cashier’s check for the $9 million. Hank deposits the loan in his regular checking account with First National. The deposits at First National rise by $9 million and its reserves also rise by $9 million, as Figure 3 shows. First National must hold 10% of additional deposits as required reserves but is free to loan out the rest.

The assets are reserves (+ $9 million). The liabilities + net worth are deposits (+ $9 million).

Figure 3. First National Bank’s Balance Sheet: Required 10% Reserves

Since the loan to Hank was deposited into a demand deposit account (Hank’s checking account), the loan increases the M1 money supply. Making loans that are deposited into a demand deposit account increases the M1 money supply. Remember the definition of M1 includes checkable

Explanation:

Because all currencies are fiat currencies, which means they are NOT backed by gold & silver. This allows private banks to create money out of thin air and lend it to governments. This is the root of inflation and the recent financial crisis.

If you think about the following: 2,000 years in Ancient Rome you could walk into a clothes store and with a one ounce gold coin you could buy yourself a nice robe, sandals, etc. and get well dressed for one gold coin. Today you walk into a department store in NYC, London, Milan or Tokyo and with a one ounce gold coin you can buy yourself a suit, shirt, tie, socks, shoes & belt. The value of a one ounce gold coin today in just over USD$1,700. Interesting to see that a gold coin 2,000 years ago buys you the same today.

If you look into monetary history you'll find that every time currencies were backed by gold & silver there was no inflation and economy thrived. The sooner we go back to this system, the sooner the economy will sort itself out.

The good thing is that the Swiss government are going to have circulate Swiss Franc gold coins as an alternative currency to the paper money Swiss France in Autumn this year. In Utah, USA a silver coin currency is already circulating as an alternative to the US dollar, 12 other US states are about to follow. Also the Mexican government is about to approve the circulation of silver coins as an alternative to the peso. So it's already coming...

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3 years ago
As World War I ended, a major concern for the United States involved A) re-deploying troops to naval bases in the Pacific. B) de
Margaret [11]

Answer: A) re-deploying troops to naval bases in the Pacific.

The treaty of Versailles provided only a temporary armistice. It cannot be called peace just yet. The US troops in Europe are reluctant to be sent to the East. Most of them have earned the right to be sent back home. The conflict in the East requires more troops from the US. That;s why when WW1 ended, US struggled to fill the requirements in the Pacific.

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3 years ago
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One way in which the people of the Tibetan
Maslowich
One way in which the people of the Tibetan kingdom and the people of the Inca Empire are similar is that they "<span>(1) developed coastal ports" among other things. </span>
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2 years ago
According to the reading, why was the first emperor chosen to be in charge of the empire?
LenaWriter [7]
I believe the answer to you question is
Augustus
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2 years ago
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