*Just some tips since I’m not helping you cheat.* Remember, the guilded age was a time of greed and corruption. So the employers were willing to force their employees who were generally poor, naive immigrants to work for them above and beyond their pay grade so the employers could have more money. So manipulation+greed=corruption. Just some thoughts to keep in mind while writing. Don’t copy off me, just use these tips and generalized facts to help you specifically answer the questions as well as using your notes and asking the teacher for help unless it’s a test or whatever the teacher wants.
The excerpt illustrates the exploitation of immigrant labor during the Gilded Age, fueled by the high demand for cheap labor and driven by capitalism principles. The viewpoint presented is critical of these practices, highlighting the unfair wage distribution and maltreatment of workers. The situation is significant as it provides a historical perspective on labor conditions during the mass immigration period in the Gilded Age.
Explanation:(a) One cause for the historical development outlined in the excerpt is the broad economic demand for affordable labor during the Gilded Age. Employers sought to maximize profits by recruiting laborers willing to work for low wages, often exploiting immigrants due to their desperate circumstances.
(b) The point of view presented in the excerpt is that of a critic of the labor conditions that immigrant workers faced during the period. The speaker alleges that contractors exploited the laborers, depriving them of a fair wage and working conditions, and that the laws, rather than protect these workers, seemed to favor capitalists.
(c) The situation is significant to the historical argument about immigration in the Gilded Age because it highlights the plight of immigrant laborers and the capitalist structure that allowed for their exploitation. It offers an insight into the harsh realities faced by immigrants in search of better opportunities in America, and how they were utilized as a means to fuel the growing economy of the Gilded Age while not being affording the living wages or conditions their labor earned.
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Hello! I just need help on how to do the problem. I would like a very similar problem with step by step instructions and explanations since I don’t want to cheat but I do want and need to understand how to solve this problem.
Bank will have $6000 excess reserves after a check for $10,000 was drawn and cleared against it.
The Reserve Bank of IndiaThe Reserve Bank of India (RBI) is India's central bank and regulatory body in charge of overseeing the Indian banking system. The Ministry of Finance of the Government of India owns it. It is in charge of the Indian rupee's control, issuance, and supply.
When the deposit fall by $10,000, then the total checkable deposit become $1,20,000.
As the legal reserve ratio is 20%.
The reserve before check was drawn is cleared is $40,000.
The reserve after check was drawn is $40,000-$10,000=$30,000
The reserve that bank must keep is =120000*20%=$24,000
The excess reserve with bank is =$30000-$24000=$6000
Therefore, the correct answer is required reserves = $6000.
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