This is a fitting motto for our nation, because the founding fathers had many different views on how the country should be operated and governed. The idea that they were able to reach someone of a general consensus is a testament to the nation's democratic values.
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The first main reason was most of the market was based solely on credit, which was stock that was purchased without actual cash, but purchased on credit.
The second factor was the massive pull out by many investors due to a panic that caused the Banks to attempt to purchase these stocks leading to a complete collapse in the market.
A. a country should use its military to establish an empire (apex)