How did buying on credit become a problem in the 1930?

What was the purpose of the federal reserve act

John locke viewed the social contract as a choice or "consent of the governed", where the people possess the power to change government. how did thomas hobbes see the social contract? man is born in chains, but can be set free through good deeds. man is born happy, but becomes more miserable as he ages. man is born poor, but can rely on other individuals for security. man is born selfish, but can give up some freedom in return for security provided by the government.

When using the scientific method, what should be the first step? a.) gathering information on the problem. b.) stating the problem. c.) analyzing and interpreting data.