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The creation of common currency was important because, on their own, the currencies of the various states had little value. Using one common currency put a significantly greater amount of financial support behind the currency and raised its value. It was necessary to create a national bank to distribute and manage the new currency. Hamilton's concept of a centralized bank was adopted in 1791. The new bank was to operate for 20 years under the supervision of both the federal government and private individuals. The establishment of the bank was not without controversy, however. Many feared that the bank's northern location would affect the decision to place the United State's capital closer to the midpoint between the northern and southern states. Others complained that the creation of a national bank fell outside the powers granted to the government by the United States Constitution. Regardless, the bank operated for the 20 years for which it was originally chartered before being disbanded in 1811.
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The French and Indian War, and The American Revolution
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The participation of France in the French and Indian War first drained the treasury and later the American Revolution.
France entered into financial crises during the reign of King Louis XV, who dispatched six regiments to New France in 1755 that led to the French and Indian War. France financial situation went further down when they took participation in the American Revolution of 1775. The country was in enormous debt, and it had to increase its taxes.
There was always the possibilities that: Someone would have more than one vote or not vote at all, the voter may not be as anonymous, the vote could not be fully accurate in any way, and in person there would be the less possibility of a fraud then their could through the internet. Hope this helps!
Both were starting to build empires and failed.
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Slavery in the United States had a major role in shaping the South, its agricultural practices. The presence and practices of Native Americans and the landscape also played a role in Southern culture. Slavery was so profitable, it sprouted more millionaires per capita in the Mississippi River valley than anywhere in the nation. With cash crops of tobacco, cotton and sugar cane, America's southern states became the economic engine of the burgeoning nation.
Explanation: This is what i found hope it helps.
