He created the national bank so that he could issue a currency that could be used for all of the states. Before he creates the national bank, states would print their own currency. However, the price for each dollar varies in different state. This cause a major conflict within the US because Americans would have a hard time buying products with a different state currency. Which eventually lead to the popularity of using gold and silver as currency. But, if I were to have $100 New York money for example, how much does that actually worth? How much gold or silver can I exchange it for?
Answer:
Frederick Jackson Turner argued that overseas expansion was a "safety valve" to keep ambitious Americans content.
He was a golorius warrior. He had proved himself in the might of battle. He then became the most famous dictator in the history of the world.
The majority of canals built in the United States were in the Great Lakes. That was the region.
<u>Answer:</u>
GDP(Gross Domestic Production) is used to detect inflation in the nation.
<u>Explanation:</u>
- GDP is a round figure of production of the nation which means taxes, wages, salaries, imported money, foreign exchange currency etc. that all comes under GDP.
- Through GDP, the nation concludes its inflation and production rate of the country. GDP also affects the stock market.
- GDP used to analyse performance of a country in a year. The next year’s budget is based on GDP which helps to bring economic reforms for the next economic year.
