Until the Year ____,There Was a Clear Line of Demarcation

question 237

Short Answer

Until the year ____,there was a clear line of demarcation between commercial banks and thrift institutions.

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Definitions:

Hobbes

Refers to Thomas Hobbes, a 17th-century philosopher known for his social contract theory, which posits that people agree to surrender some freedoms to a ruler or government in exchange for security and social order.

Enlightenment Thinking

A philosophical movement of the 17th and 18th centuries emphasizing reason, individualism, and skepticism of traditional doctrines, leading to advances in science, politics, and human rights.

Conservative Reaction

A response, typically by right-leaning groups, towards preserving traditional values and resisting changes to social or political structures.

Revolution

A fundamental and rapid change in political power or organizational structures that occurs when the population revolts against current authorities, often leading to significant social transformation.