Answer:
Hamilton believed a national bank was necessary to stabilize and improve the nation's credit, and to improve handling of the financial business of the United States government under the newly enacted Constitution.
Explanation:
If Congress had other ways to secure its objectives, a nationally incorporated bank was unnecessary and improper. He also thought that a national bank was unconstitutional because the Tenth Amendment reserved all unenumerated powers to the states.
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Answer:
continued wartime government controls kept prices of consumer goods low.
Explanation:
The economic growth in the early 1950's was the beginning of an era of intense economic expansion in the US and in the capitalist world that lasted for nearly 30 years. The growth experienced by the Western economy is linked to a change in the factors of labor and capital production. The policy of low prices, carried by the government through controls during the war, allowed new consumers to reactivate the economy in a fast way. Also, technological advances, the implementation of economies of scale, and improvements in business organization increased productivity. The increase in the labor supply was due to the natural growth of the population (baby-boom) and the changes in the rate of the active population as a result of the massive incorporation of female labor, due to international population movements and the attraction of workers from agriculture. Not only were quantitative increases in the labor supply observed, but also qualitative increases due to the improvement of the educational system.
On the other hand, the technical progress experienced at this time was linked to the multiplication of raw materials thanks to the manufacture of synthetic fibers and metal alloys, the spectacular development of new machinery and instruments, the advances in the extraction of natural resources and improvements in transportation and communications. This technological revolution was fundamental for mass production, automation, and industrialization of science.
Answer:
The cession of Louisiana was kept secret for over a year. France feared that Louisiana would become British. As a result, France sought to preempt any actions that Britain would undertake if it became known that Louisiana no longer enjoyed French protection before the Spanish were able to occupy and defend it
Explanation:
