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Millions of years ago, the Arabian Peninsula was connected to Africa. Seafloor spreading caused the Arabian and African plates to rift apart. The Indian Ocean flooded the rift valley between the continents, creating the Red Sea. Today, Africa and Asia are connected by the triangle of the Sinai Peninsula
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D: There is nothing voluntary about paying taxes. We have to do it.
A: Maybe. My father felt that way. "Thank goodness I have enough money to afford to pay taxes."
B: I would pick this one. You like good roads and a good education system? Then pay your taxes to maintain these thihngs.
C and E: Neither of these strike me as the reason for paying taxes. It is not really a thing we do joyfully. Nor is it a thing that we do to show that we are civic minded.
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The American Revolution was a war fought between the newly founded American founded colonies (Patriots) and Britain(Red Coats). The citizens of these colonies wanted to be free from British rule. The war was fought between 1765 and 1783. All of the fightings were done on American soil so the patriots had an immense advantage. Out of the many battles the most important were The battle of Bunker Hill, the battle of Saratoga and, the battle of Quebec. America ended up winning the war due to hard work, determination and the will to be free. Many people died in this war-making it the bloodiest in American history. America would not be what it is now without the American Revolution
Explanation:
The author included the information about 1920 and 1925 because that was the time the U.S economy expanded rapidly, The Roaring Twenties. Until 1925 there wasn’t legal requirement to separate the operations of commercial and investment banks, the investment banking was consisted of <em>JP Morgan & Co, Kuhn, Loeb & Co, Brown Brothers and Kindder, Peabody & Co</em>. Their funds could be used to fund the underwriting business of the investment baking side.
In 1929 everyone was putting their savings into stocks, not only the wealth part but the poor part too and because of that the stock market reached the peak in August 1929. But than the production declined causing unemployment and with that the stock prices were much higher than their actual value. The economy was struggling, the debt was rising and the banks had and excess of large loans that couldn’t be liquidated.
In the 1930s over 9,000 banks failed because people didn’t trusted them to put their saving. The Great Depression the official unemployment rate was 25% and the stock marked declined 75% since 1929. But in 1933 now with Rooselvet’s administration he took immediate action about the economic woes first announcing that all banks would close, Bank Holiday. The Congress would pass reform legislation and reopen the banks. In “<em>first 100 days</em>” Roosevelt’s administration stabilized the industrial and agricultural production and created jobs and also created the Federal Deposit Insurance Corporation (FDIC) to protect depositors’ accounts and the Securities and Exchange Commission (SEC) to regulate the stock market and prevent what happened in 1929.
The big change between the crises in the 20s and 30s were all about who was in charge, President Hebert Hoover didn’t take much lead about the crises but Roosevelt did.
