The Second Bank of the United States
Andrew Jackson believed the banks to be corrupt which is the reason that he declared war on them. The First Bank’s charter ended in 1811, so with the War of 1812 and no bank, the country suffered financially and many people were in debt. That’s why in 1816, another bank was chartered and it became known as the Second Bank of the United States. Eventually, the bank grew and had supreme economic power with over 35 million dollars in capital. Most of the money was put into it by investors whereas some was put into it by the government that owned one-fifth of the bank.
Many banks had collapsed or were substantially injured as the result of Black Tuesday. But it did have a little impact (Nash 334-336). The National Credit Corporation was composed of the major banks in the United States. NCC’s main goal was lending money to small banks in the United States in order to minimize the repercussions of the smaller bank’s crash. However the major banks did not want to lend money to the smaller banks because they were having problems themselves (Nash 336-337).
This bank could also help benefit the government to use it
He introduced plans for the First Bank of the United States, established in 1791 which was designed to be the financial agent of the Treasury Department. The Bank served as a depository for public funds and assisted the Government in its financial transactions. The First Bank issued paper currency, used to pay taxes and debts owed to the Federal Government. Hamilton also introduced plans for a United States Mint. Though he wanted the Mint to be a structural part of the Treasury, he lost the battle to Jefferson and it was established in 1792 within the State Department.
It was spectacular to learn that Keystone Community Services is a non-profit organization. The funding sources and mission of Keystone Community Services was intriguing and powerful to see an organization that strives to improve a quality of life. In addition, it was amazing to learn about the multi-services program provided under Keystone Community Services. However, I reconsidered and would like to point a change in the organizations. As I understand not only do Keystone Community Services own community reach out, but other nearby communities reach out Keystone assistances.
The programs or acts helped people get jobs, insured deposits and protected investors. In document 4, it shows how The Civilian Conservation corps “created jobs for young men in forest areas, conservation and construction of recreation areas.” Alice Timoney states “I do not earn more money but have a greater safety in my position,” she then
Although, the National Bank is not necessary, the purpose of this bank is to have a strong country with an equally as strong economy. The benefits of having a National
According to the text, “In the late 1980s, Bass and other local community organizers founded Community Coalition, an organization with a mission to help transform the social and economic conditions in South Los Angeles that foster addiction, crime, violence, and poverty by building a community institution that involves thousands in creating, influencing, and changing public policy.” (Wikipedia) This means that Bass is using her Community Coalition organization to positively change the bad economic conditions in Southern LA. This is significant because the organization has given homeless or less fortunate people resources to provide for themselves and their families. In conclusion, the Community Coalition is playing a key role in helping end
The national bank was incredibly biased in its working, which completely eliminated any equal opportunities for the nation’s people. The bank only favored those who were amongst the rich and powerful. For one, the bank has most frequently been run by those tied to Northern industry. Therefore, little funding or loans have been given to western expansion or to any other southern interests. In addition to these biased actios, Congress itself has granted exclusive privileges to wealthy bank stockholders.
The EOA attacked the roots of unemployment and poverty by providing training for jobs, issuing adult education, and giving loans to small businesses. The EOA started many Community Action Agencies (CAA’s) that are non-profit private and public organizations that help people help themselves in achieving self-sufficiency. By 1968 there were more than 1,600 CAA’s aiding the poor and unemployed in training for entry level jobs, food programs, housing services, child care, and health services.
Food banks receive a lot of food during certain times of the year, like holidays, and they need someone to sort the food. Donating money to food banks is also great. Food banks can often buy produce from farmers, or food that is not sold from grocery stores. This way, people can now receive nourishing food from food banks, instead of canned food.
The word community is explained by the Oxford Dictionary as “people of a district or country considered collectively, especially in the context of social values and responsibilities; society.” A community is determined by shared characteristics which could include location, culture, race, or beliefs. The common characteristics of a community can also dictate who belongs and who does not. Maycomb County was a community with a defined structure.
Assisting communities to change is an important aspect of community work (Sanders, 1976);
And community services is much more, it is about taking small steps to bridge the gaps in society and create a caring community that takes care of one
