Year | Progressive Era Chapter 9 Timeline Name of Idea/Event/Law | What Law/Amendment didPurpose of Movement/Organization | 1860 | | | | | | 1870 | Women’s Christian Temperance Union | 1. First organization among women devoted to social reform with a program that "linked the religious and the secular through concerted and far-reaching reform strategies based on applied Christianity." - The purpose of the WCTU was to create a pure world by abstinence‚ purity and evangelical Christianity
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Money and Inflation The nation’s economic stability has many factors which amount to inflation. Inflation may be caused by a number of problems‚ but there are some specific examples which have direct control over which way the prices and spending sway. Inflation simply means that the American dollar‚ in this case‚ is less valuable on the foreign exchange market and the gold standard is moved to higher prices; which simply means that more currency is needed to exchange for gold. Any slight
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The Power of Markets•In order to understand economics you must understand markets and how they work. Markets are created when an exchange of goods and services take place. They are composed of individuals and businesses trying to maximize their utility. The market economy is a powerful force for making our lives better. •Maximizing a person utility doesn’t mean their being selfish‚ but it all depends on what gives the person utility. •The objective of business is to make profit and profit
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one-sixth of America’s rail lines) In 1871‚ partnered with Philadelphia banker Anthony Drexel (1826-93) to form Drexel‚ Morgan & Company 181895‚ Morgan assisted in rescuing America’s gold standard when he headed a banking syndicate that loaned the federal government more than $60 million95‚ two years after Anthony Drexel’s death‚ the business was renamed J.P. Morgan & Company 1901‚ he bought the Carnegie Steel Company from Andrew Carnegie (1835-1919) for some $480 million 1902‚ he was instrumental
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suffered from it‚ their differences are due to situations‚ wealth levels and relationships. Banks and depositors are definitely the big winners and losers in this financial crisis. The Federal Reserve plays a vital role between them because of the interest rate. Although they are both related to the Federal Reserve‚ banks were saved but depositors suffered a lot. The situations they were in are opposite. “It’s no accident that the banks have prospered mightily since the crash”‚ said Neil Barofsky
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depository institutions‚ are able to borrow reserves from the Central Bank at a discount rate. This rate is usually set below short term market rates. This enables the institutions to vary credit conditions. That is the amount of money they have to loan out. There by discount rate affecting the money supply. It is of note that the Discount rate policy is the only instrument which the Central Banks do not have total control over. Reserve requirements Reserve requirements are a percentage of commercial
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Introduction The central bank of the country is the Reserve Bank of India (RBI). It was established in April 1935 with a share capital of Rs. 5 crores on the basis of the recommendations of the Hilton Young Commission. The share capital was divided into shares of Rs. 100 each fully paid which was entirely owned by private shareholders in the begining. The Government held shares of nominal value of Rs. 2‚20‚000. Reserve Bank of India was nationalised in the year 1949. The general superintendence
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the form of currency‚ and the required reserve ratio is 20%. a Estimate how much the money supply will increase in response to a new cash deposit of $500 by completing the accompanying table. Answer: Deposits will increase by $833.25 and the loans will expand by $666.60 meaning that the supply of money will increase. The currency however will be about $333.30 after all 10 rounds. (Hint: The first row shows that the bank must hold $100 in minimum reserves — 20% of the $500 deposit — against this
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QUESTIONS FOR‚ INSIDE THE MELTDOWN 1. What are credit default swaps? What role did they play in the meltdown? 2. What is the Federal Reserve Bank? What role did it play when Bear Stearns was in financial trouble? 3. What is the Treasury Department? What role did it play with Bear Stearns’ financial troubles? 4. Why did the federal
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interventionism unleashed by Keynesianism‚ Friedman and Schwartz made a compelling argument that the Great Depression had been caused less by a failure of aggregate demand than by a sharp constriction in the nation’s money supply. Foolish decisions by the Federal Reserve‚ they argued‚ combined with hoarding of cash by individuals fearful of bank failures‚ caused the stock of money circulating in the economy to fall by one-third between 1929 and 1933. This "Great Contraction‚" as Friedman called it‚ had a choking
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