Questions

Jay Cooke & Company, a major component of the United States banking establishment, found itself unable to market several million dollars in Northern Pacific Railway bonds in september 1873. Cooke's firm, like many others, had invested heavily in the railroads.

Hence, the bankruptcy of Jay Cooke & company initiated the Panic of 1873.

Due process is the legal requirement that the state must respect all legal rights that are owed to a person.

Therefore, due process refers to the criminal justice system operating within the bounds of the law.

In national income accounting, government purchases by Local, State and Federal governments.