What would be a great heading (or subheading) for this text: Tensions ran high in Boston in early 1770. More than 2,000 British soldiers occupied the city of 16,000 colonists and tried to enforce Britain’s tax laws, like the Stamp Act and Townshend Acts. American colonists rebelled against the taxes they found repressive, rallying around the cry, “no taxation without representation.”

Gif the public and community loses trust in banks it affects the entire u.s. financial system. in order to keep this type of financial contagion from happening, the fed makes as needed short-term emergency loans, by acting as the lender of last resort. guides and regulates private deposit insurance programs to cover insolvent bank losses. decreases the money supply as acting lender of last resort.