According to the lecture, what was a major problem faced by banks in the West before the Federal Reserve System was established? How did the system help solve this problem?

(This question is a written response, no sentence requirement!)

Compared to his other achievements, the formation of the Texas Railroad Commission is good because the much needed regulation of railroads and such from potential extortion by corporations. This was important because it protected consumers from excessive rate costs and unfair railroad railway practices. The TRC had another goal in mind as it took pride in carefully taking care of railroads leaving room for economic growth that would positively impact the economy. Not only that, but in the future years the TRC would soon regulate much more than just railroads, soon handling pipelines along with oil and gas. Through time, the TRC also took part in several movements making Texas better. This was all because of Governer Hoggs approval and belief that the TRC was for the betterment of Texas.

Explanation:

electricity

so thats all folks

after the civil war, and with the termination of slavery, the south was faced with a big problem; what was supposed to happen and how they were supposed to deal with the freedom and the rights that black people and freed slaves had gained as a result of the north defeating the south and forcing the end of slavery. first, most, if not all, of the workforce of the south came from slaves and they did not have an option to replace the loss of said workforce. second, particularly in the south, people were convinced that black people were lesser, less intelligent, less capable and less smart than whites. this posed a huge problem for them. also, southerners were faced with another issue; freed slaves now had a say in how their lives would be lived and the right to politically choose the way they would be governed. people in the south did not want to accept this, none of this and this opposition and the conflicts that arose from it, not to mention the afereffects of the war, forced the congress of the time to enact and enforce the reconstruction plans that had been proposed by president andrew johnson.