Interest rates were low, credit quality was good, and inflation was low. ... But good times can't continue because interest rate hikes cause reduced lending activity, damaged credit quality, and reduced values of bond portfolios. ... Bank of America and Nation's Bank also agreed to merge shortly afterwards which became the largest bank in the United States. ... In fact, Charlotte, NC is practically owned by Bank of America and First Union. 2. ... Third, falling rates lower the cost of credit, which stimulates loan demand and reduces delinquency rates. ...

• Word Count: 714
• Approx Pages: 3
• Grade Level: High School

The states have important regulatory functions, laying down many rules that business and trade unions must observe and obey. ... Let credit card transactions be governed by the laws of the customers' various home states, for example: the banks will have to comply with fifty regulatory governments that protect some consumers and in the process freeze many others out of the credit markets. ... Let the same transactions,now be goverened by the card issuers' home state; states then will compete for the bank's business, and the banks will migrate to states that provide favorable ...

• Word Count: 1135
• Approx Pages: 5
• Grade Level: Undergraduate

There was a lack of currency and credit for the farmers. The "banking system was rooted in the gold standard and dominated by eastern commercial banks". ... They felt they would of won more votes but the movement elected a Union General and the southern Populists felt they could not vote for a Union general, which kept the voters away. ...

• Word Count: 913
• Approx Pages: 4

Alexander Hamilton the Visionary, Secretary and Statesman, and Banker; he predicted at the end of the Revolutionary War that the federal government should undertake the states debts to determine the nation's credit for the future (Blumer 2007). He imagined a union of states under the constitution, by which he outlined in the Federalist Papers. ... Hamilton is best remembered for his advocacy of a central bank. ...

• Word Count: 649
• Approx Pages: 3
• Has Bibliography
• Grade Level: Undergraduate