The passage demonstrates which historical development of the early modern era

b. sec, foreign relations

in mcculloch v. maryland (1819) the supreme court ruled that congress had implied powers under the necessary and proper clause of article i, section 8 of the constitution to create the second bank of the united states and that the state of maryland lacked the power to tax the bank.

gibbons v. ogden, (1824), was a landmark decision in which the supreme court of the united states held that the power to regulate interstate commerce, granted to congress by the commerce clause of the united states constitution, encompassed the power to regulate navigation.

basically means the stoc market is going down since   dow is one of the most sucessful buiness it would be a tragedy for it to go down and it ensures the ruinty of the stock market

they had a lot of depression during the revolutionary war