The correct answer is the following.
The production and consumption of tea in China is very important. Its part of the life of Chinese people. This activity goes back 3,000 years. The export of tea was very important for the Chinese economy. One of the results of the tea trade was the increase in the economy because of the exportation of tea. Exportations improved the economy of China. Tea was very demanded by other nations and China could satisfy that demand with the amount of tea it produced. Along with porcelain and silk, tea was a luxury product that other countries paid well. With the exportation of tea, China opened its doors to the outer world.
B)created the Federal Reserve System
C)prohibited commercial banks from underwriting stocks and bonds
D)requires banks to purchase stocks
The Glass-Steagall Act, passed by Congress in 1933, essentially barred commercial banks from underwriting stocks and bonds, thus separating commercial and investment banking.
The Glass-Steagall Act that was passed by Congress in 1933 mainly C) prohibited commercial banks from underwriting stocks and bonds. This protective measure was taken in response to the stock market crash of 1929 to prevent another similar event that resulted in the bank failures. It separated commercial banking from investment banking, effectively barring commercial banks from engaging in the business of security underwriting. This law was enacted to protect depositors and avoid conflicts of interest that might lead to speculative abuses.
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Answer:
Answer:
In the explanation. :)
Explanation:
Pilgrim separatists rejected the Church of England and the remnants of Catholicism that the Church of England represented. Puritan non-separatists, while equally fervent in their religious convictions, were committed to reformation of the Church of England and restoration of early Christian society.
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immigrants from Mexico
immigrants from Asia
immigrants from Eastern Europe
they were uncomfortable with such a controversial topic