The Great Depression affected American life such that the following are true:
- ...Publicly provided food ⇒ Breadlines and soup lines
- ... Fails to pay their debt ⇒ Foreclosure
- ... Prone to fire and collapse ⇒ Hooverville
- ... Causing them to collapse ⇒ Bank runs
The Great Depression happened when there were bank runs as people ran to banks to reclaim their money as a result of the fear that the bank had lost their money loaning it to speculators.
This led to an economic collapse where so many lost their jobs and couldn't pay their mortgages such that their houses were foreclosed and they had to move into shanty towns known as Hooverville. Breadlines and soup kitchens also sprang up to feed them.
In conclusion, the Great Depression was a terrible time.
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<span>The Constitution set down the idea that the government was to be divided into branches that would be voted upon by the constituencies in the area (at least, in the case of the legislatures). In addition, it held for courts to be created that would rule upon the laws created and passed by the other two branches. Third, it added the idea of an elected executive, in comparison to the systems found in other areas of the world, which mostly had appointed leaders or leaders by divine right.</span>
Answer:
D. There was a significant rise in prosperity but the federal spending and the national debt increase is the correct answer.
Explanation:
The economic policies promoted by president Reagan is known as Reaganomics. His policies are also known as supply side economics or voodoo economics, Reagan's political advocates called it free-market economics. The four pillars of his policies were Reduction of federal income tax, Capital gains tax, increasing government spending, reducing regulation and restricting money supply.
The outcomes of his policies are still debated, his supporters point out that the policies led to the end of stagflation, increase in GDP, while critics consider that it led to difference in income gap and tripling of national debt.
Answer:
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Solution,
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