Answer:
The Industrial Revolution was a period of major industrialization and innovation that took place during the late 1700s and early 1800s. The Industrial Revolution began in Great Britain and quickly spread throughout the world. The American Industrial Revolution commonly referred to as the second Industrial Revolution, started sometime between 1820 and 1870. This period saw the mechanization of agriculture and textile manufacturing as well as a revolution in power, including steamships and railroads, that affected social, cultural, and economic conditions. Although the Industrial Revolution occurred approximately 200 years ago, it is a period that left a profound impact on how people lived and the way businesses operated. Arguably, the factory systems developed during the Industrial Revolution are responsible for the creation of capitalism and the modern cities of today. Before the revolution, most Americans made their living farming and lived in widespread rural communities. With the advance of factories, people began working for companies located in urban areas for the first time. Often the wages were low, and conditions were harsh. However, working for businesses paid a better living than farming.
Explanation:
The purpose of the amendment was to impede a law for the constitution to be greater
Financial experts warned the public the the American Economy is slowing down. With this warning in mind, investors started selling their shares in large numbers in September 1929. By 24th October 1929, 12.8 million shares were sold and another 16 million shares were sold at a very low price on 29th October 1929. The panic selling of shares lead to the collapse of the stock market in New York.
The aftermath of the wall street crash was very disastrous. Investors lost their money and was not able to pay off their debts. Many banks closed, leaving their depositors with no money nor hope for the future. Ordinary people lost their means to buy foods and other basic needs like shelter and clothes. Companies have to downsize resulting to firing of redundant workers and lowering the wages of the remaining workers. Unemployment rose to very high level.
The Wall Street Crash led to the beginning of the Great Depression in the 1930s.
