<span>The Panic was the worst economic crisis to hit the nation in its history to that point. Economic historians are not certain what caused it but point to several possible factors. First, too many people attempted to redeem silver notes for gold; ultimately the statutory limit for the minimum amount of gold in federal reserves was reached and U.S. Notes could no longer be successfully redeemed for gold. Next, the Philadelphia and Reading Railroad went bankrupt. Then, the National Cordage Company (the most actively traded stock at the time) went into receivership as a result of its bankers calling their loans in response to rumors regarding the NCC's financial distress. A series of bank failures followed, and the price of silver fell. The Northern Pacific Railway, the Union Pacific Railroad and the Atchison, Topeka & Santa Fe Railroad all failed. This was followed by the bankruptcy of many other companies; in total over 15,000 companies and 500 banks failed (many in the west). About 12%-18% of the workforce was unemployed at the Panic's peak.
hope this makes sense</span>
Explanation:
The northwest ordinance basically set up a system of government for the Northwest territories (Indiana, Ohio, Illinois, Kentucky, Michigan, Wisconsin), and stated the requirements needed for land to become a state.
Answer:
local tax money should be used to pay for public services for the community
Answer:
I think the answer is lawyer
Business people in intense competition with each other to produce a better, less expensive product or service are and always has been good for the economy of any country. When businesses are allowed to become too big to fail, to hire trained gunslingers in the form of expensive lobbyists and contribute heavily to the campaigns of candidates who provide those businesses favors, privileges, subsidies, tax cuts, etc., they cease to be good for the economy of our country. Business owners hate unions because it gets in the way of them making money. The ego maniacal business owner values profit above treating employees with dignity or as a human being at all. Forcing an employee to skip lunch is the difference between earning $100 to $0.00. Unions are hated because they force business owners to do the right thing. Sometimes what is right keeps them from maximizing their profits. There are labor laws, however can be ignored when greed is involved. Most employers get away with it as opposed to employers who have employees with unions.