The was caused by the specie circular, the bank war, and rampant speculation. many banks throughout the nation had to shut down; factories shut down as well and unemployment rose

Panic of 1837

Explanation:

This was a financial crisis causing serious recession and closure of major banks within the United States which was caused by the economic policy of president Jackson who created the specie circular that forced all banks to start dealing in hard money(gold and silver coin). This recession lasted for four years.

explanation:

omgggggg i go to k12 too : d

social contract theory basically says that all individuals are born equal, and provided a god given right to consent to be governed. american government is based of this

thomas hobbes and john locke said that we are selfish, individualistic, and constantly at war with each other, therefore we need to be controlled. 

government is defined as the legitimate use of force to control human behavior within territorial boundaries, here comes in hobbes and locke.

hobbes takes the part about controlling human behavior. while locke takes the part of legitimate use of force, since force is not legitimate unless there is consent of the people. 

there are basically 3 goals of the government: 1) maintain order by protecting life and property. 2) providing public goods, those which are typically not provided by the public sector, such as roads and education. 3) promote equality be it political, opportunist or outcome equality.