2. 100% reserve banking Money supply (M) = sum of currency (C) + demand deposits (D)C = currency (cash) held by the public and currency held by banksD = deposits at banks which the public can withdraw on demand (e.g., checking accounts) Imagine a world with no banks.
His commitment to the rights of individuals was a cornerstone of his leadership style (Phillips, 1992). There have been many great leaders throughout the history of this great nation, but Abraham Lincoln is consistently mentioned as one of our greatest leaders.Although Lincoln possessed many characteristics of a great leader, probably his greatest leadership trait was his ability to communicate.Though Lincoln only had one year of formal education, he was able to master language and use his words to influence the people as a great public speaker, debater and as a humorist.nother part of Lincolnâs skills as a great communicator, was that he had a great capacity for learning to listen to different points of view. While president, he created a work environment where his cabinet members were able to disagree with his decisions without the threat of retaliation for doing so.
There are many reasons that Abraham Lincoln should be remembered. He was a president that believed in equality for the people. He also taught others to stand up for what t â¦ hey believed was right. Abraham Lincoln is important because he led the nation through its worst failure in its history, the US Civil War. Also, He used to be just a boy from Illinois and he became the 16th president. He went through being the president during the civil war and that's not easy.