Harry Potter Morning Light

In addition to saving money, banks also have a role to lend.

Before the Great Depression in 1929, many families in the United States would use installment payments to buy cars, electrical appliances, furniture, etc. Electrification not only increased productivity, but also changed people’s lives. Radios, washing machines, sewing machines, vacuum cleaners, and the luxury invented in 1919 Online stores have entered thousands of households.

Yet Americans did not have the cash to buy these products, and consumer credit became a key feature of the 1920s.

Originally, installment payment was disliked by other social classes, and even in 1914 people did not know how to use it.

In short, banks lend to enterprises to expand their production capacity, and loans to households to expand their purchasing power. So where does the Bank of America get its money from?

Many historians have studied the carnival before the Great Depression. After 1929, people no longer deposited money in the bank. Americans used to spend some money when they had some money. During the Great Depression, they had the habit of saving money. In a stocking or in a wine cellar.

Once the hoarding of currency occurs, it will become an important factor in the vicious circle. After Roosevelt came to power, he used the radio to have "fireplace talks" with the people of the United States, persuading them to store their money in banks with better reputation.

Gringotts has no credit business, they only perform custodial functions, and at the same time, goblins are responsible for minting currency, remaking worn-out gold Galleons, silver Sickles, etc., and are also responsible for currency exchange with Muggle currency, but compared to green Paper, goblins prefer gold and silver.

Assuming Percival was indeed the founder involved in the creation of Gringotts, he might indeed know why. He was a professor of divination at Hogwarts at the time, and one of the leaders of the small group that Sen Batar was in. The goblin was not restrained when she gave Isidora the magic silver, and the debts she incurred piled up, so after she died, the debts would be forgotten?

The goblin rebellion in 1612 demanded that the Wizengamot have a goblin representative. At that time, the Ministry of Magic did not agree. This was different from the "no taxation without representation" proposed during the American Revolution. Having a goblin representative in the Wizengamot meant that Voting rights can be exercised, which will play a key role when facing a case that requires voting.

One of the differences between the wizarding world and the Muggle world lies in the less developed business, and then there are the problems of living habits. Many things can be solved with magic. For example, Pomona asked the girls who organized the celestial ball to buy flowers, but they decorated the venue with magic flowers.

However, Muggle habits have infiltrated into the magical world. As a school that exports talents for the magical society, Hogwarts is also responsible for employment.

Zhuangzi's "Zai You" has a cloud: people in the world like others who are similar to themselves and hate others who are different from themselves. Those who are the same as themselves but desire it, and those who are different from themselves but do not desire it, have the heart to be superior to others. Husband who takes it as his heart to stand out from the crowd, he has tasted to stand out from the crowd! Because everyone listens to what they hear, but they don't know all the skills.

This sentence means that secular people regard being outstanding as their main pursuit in their hearts. They like others to be the same as themselves and hate being different from others.

Studying is for changing one's destiny and becoming a better person. Hogwarts actually only requires students to control their own power. This is indeed inconsistent with demanding parents and students.

Grindelwald appeared in New York to find Credence the Obscure. Due to his rage, he destroyed the lighting system in New York. Failed", Maxim changed his career to do heavy machine guns, and he became a knight in England.

There is an idiom called "flying and domineering", which refers to being arrogant and arrogant.

Cokeworth, Severus' hometown, is a depressed city, and Spider's End Alley is a dilapidated corner of this depressed city, but it's all in the countryside, not as crowded as big cities, and it can be a "detached house" ", Japan's real estate gave them an illusion that selling the whole of Tokyo could buy the whole of the United States.

Why do Americans give up big farms, large villas, and large-displacement cars, and squeeze into that small house that can't stretch their feet and is subject to earthquakes every three days? If the experience is not enough, try the economy class of the plane.

The terraced houses look neat and standardized on the outside, and they must be divided into locations. Of course, there is no sound insulation problem in wealthy areas. In soap operas, an old lady can often be seen holding a broom to poke the floor upstairs, reminding the other party not to make too much noise. Or, as a joke says, a young man often comes home late, throws his boots on the ground, and makes two "dong dong" noises. Later, the neighbor couldn't bear it anymore, so he ran upstairs to ask for advice. The young man agreed, but He forgot for the first time, the first shoe was dropped on the ground with a "boom", and then remembering the neighbor's reminder, he gently put the second shoe on the ground. The neighbor waited for a long time without hearing the sound of the second shoe falling to the ground, and waited until dawn in panic.

Partisanship tends to gather people with the same opinions as itself and attack those who disagree with them. There are people like Thomas Cooper who can see the relationship between the Chartists and the Anti-Corn Law Alliance, and some people can’t see it. Going to the countryside to lobby tenant farmers, why bother to get such a little money, and go to work in the city to earn more land.

Even if they did not really leave the country and go to the city, the number of votes in the countryside dropped sharply. After the abolition of the Corn Laws, the Liberal Party won a phase of victory, but the then Governor of India concocted the "loss of rights theory". Their lands and annuities would go to the British East India Company, which turned the Indian maharajas into the anti-British camp, followed by an armed revolt in 1848.

In terms of Malthusian population, Britain does not need so many "lower-class" people, but it needs people in war. The Second Bank of the United States was established because Britain forcibly recruited American sailors in the Napoleonic Wars and destroyed the "neutral trade" between the United States and the European continent. It was established for reasons such as agitating the aborigines in the west to oppose the United States, and the second US-British war broke out for this reason. Although the United States barely won the war and the domestic economy was in great difficulty, the legal currency was only gold and silver. However, the gold and silver currencies were heavy and bulky and inconvenient to carry. People had to choose banknotes issued by local banks when paying taxes and paying debts.

At that time, the United States implemented a free banking system, and local banks quickly printed banknotes regardless of how much reserves they had in their vaults. The Second Bank absorbed a large number of local bank banknotes and exchanged them for coins. In 1836, Jackson used the president's veto power to veto the extension of the charter of the Bank of the Second United States.

Habits can be formed. Before the establishment of Gringotts, wizards set up various treasure houses, raised rare and exotic animals to protect their treasures, and made the Blackwood family rich.

However, the population base of wizards makes it impossible for them to be like Muggle society, and the society cannot continue due to deflation. Wizards actually learned to use currency very late, and they used to barter before.

Some people like to spend money in advance and enjoy themselves in advance, while others like to live life without debt. Why do you have to condemn others for living differently from yourself?

Artemisia Black's daughter is a Squib, and her inability to live a "normal" wizarding life is simply intolerable to Artemisia.

The Dursleys also couldn't stand Lily and James from the wizarding family, why they couldn't live a "normal" life.

Jaeyou means forgiveness, you can do whatever you want, as long as the children don't throw their lives away, they occupy the office of the student union to check the information, and Pomona and Severus will pretend not to see it.

Lucius Malfoy didn't intend to send Draco to Hogwarts, but because he didn't want his son to suffer "injustice" at school, Narcissa Malfoy was unwilling to send Draco to the icy Durmster Lang.

And the godfather Severus Snape promised them that he would be different as Head of Slytherin.

They are still waiting and watching, and many people are also waiting and watching. Sirius was the main force when making the Marauder's Map, and she thought of the music lecture theater and the "Boy King" whose eyelashes were shining in the sun. He is a person with special talents just like Isadora. what?

The dust on the yellowed paper left a large blank after the magic eraser wiped it, but the dust on the paper became as clear as ink.

The dust was flying in the air, gathered together for some reason, and dispersed after the "prank" was over.

He didn't want to be a Black, at least not as attached to the Black last name as Artemisia was.

"wake up……"

She heard someone say that she seemed to see Sirius in a trance.

But she still wants to sleep a little longer, because even with a few days left, the summer vacation is not over.