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.
answer by oldog confidence votes 5 8k abraham lincoln is important for two things first he established that the united states the central government in washington dc has powers that are superior to the powers of the individual states whenever the united states chooses to exercise themfor better or for worse that was the outcome of the u s civil warbraham lincoln was a bad president he used the blacks and slavery as an excuse to punish the south the emancipation proclamation only freed slaves in the confederate states he broke treaties he had with the souix indians he also didnt follow the constitution