The First National Bank has reserves of $200‚000 and demand deposits equal to $1‚500‚000. The reserve ratio is 10 percent. How much in excess reserves does the bank now have? What is the maximum amount the bank could currently lend out? try to work it out‚ and show all work. (TCO F) Suppose nominal GDP in 2000 was $8 trillion and in 2001 it was $10 trillion. The general price index in 2000 was 100 and in 2001 it was 105. Between 2000 and 2001 real GDP rose by what percent? Show your work.
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The intent of the Missouri Compromise was to solve the problem of unequal representation between slave and free states in the Union and‚ hopefully‚ bring peace between the North and South. In 1818‚ Missouri requested to join the Union as a slave state. Louisiana had already been admitted as a slave state. Congress was concerned that adding another slave state would upset the balance between the number of free and slave states. James Tallmadge of New York proposed an amendment that would require
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EXPANSION IN THE 1840’S AND 1850’S 1. As our nation expanded from 1845-1860 political leaders could not solve‚ evade or escape the question as to whether or not to allow the expansion of slavery into the territories. MANIFEST DESTINY- had overtaken American justification for expansion- The US had the right and the obligation to expand to the Pacific. 1846- Americans fought an 18 month war against Mexico that resulted in the acquisition of more than half of Mexico--- one third of the current
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maintain balance. However‚ this compromise also states that any state north of the Mason-Dixon line‚ “contemplated by this act‚ slavery and involuntary servitude‚ otherwise than in the punishment of crimes‚ whereof the parties shall have been duly convicted‚ shall be‚ and is hereby‚ forever prohibited.” It effectively divided the country by geography‚ and it indirectly splits people into a demographic. The Compromise of 1850 eventually overturned the Missouri Compromise‚ when Texas applies for statehood
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ways were protected slave’s right. We know today’s constitution is changed many times‚ so some way is different with the original constitution. In the original constitution some ways did address slavery but some aspects not mentioned. “Three Fifth compromises” is a clause about the slavery. This clause made slave counted to three fifth human when the voting. This clause let slaves
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Western Expansion’s Contribution to Growing Sectional Tensions between the North and South from 1800 to 1850 G11 Jinpyung Suh Once in America‚ there was a time when Eastern South and Eastern North were divided. This division during 1800 to 1850 is one of the important events in American history. There are few reasons for this division such as slavery compromise‚ pursuit of ideal government‚ and also the western expansion. It will make members of the society to be curious why the territorial
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In addition‚ there were some major Civil War laws of the Western Expansion‚ such as the Missouri Compromise of 1820‚ the Compromise of 1850‚ and the Kansas-Nebraska Act of 1854. The Missouri Compromise of 1820 was an effort to conserve a balance of power between the slaveholding states and free states‚ by the U.S Senate and the House of Reps. The slaveholding states feared of being outnumbered in the Congressional Representation. They feared because they would lack the power to protect their interest
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Nithin Alexander ! Atlanta Compromise Speech Analysis! ! Given just thirty years after the Emancipation Proclamation‚ “The Atlanta Compromise Address” effectively explained Booker T. Washington’s vision for the economic integration of African Americans into the Southern economy. Washington was a realist who didn’t seek social equity for African Americans in the short run‚ rather economic and educational advancement. This speech’s goal is to promote gradual change that will benefit the African
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Larceny Larceny is “the unlawful taking of personal property with intent to deprive the rightful owner of it permanently”‚ defined by the Merriam - Webster dictionary. There are different levels of larceny. There is Grand Larceny which is usually defined as theft of a more significant amount of property. In the United States it is often defined as items or currency that is valued as $400 or more. In New York grand larceny applies to amounts of $1000 or more. Grand larceny is classified as a Class
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John C. Calhoun: The Other side of the American Dream Slavery was the foundation of the antebellum South. More than any other characteristic‚ it defined Southern political‚ cultural‚ and social life. It also united the South as a section different from the rest of the country. John Caldwell Calhoun of South Carolina was committed to both state’s rights and slavery as seen as the South’s only protection from destruction by the industrious North. John C. Calhoun‚ the South ’s recognized intellectual
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