Explanation:
After the crash, Hoover announced that the economy was fundamentally sound. On the last day of trading in 1929, the New York Stock Exchange held its annual wild and lavish party, complete with confetti, musicians, and illegal alcohol. The U.S. Department of Labor predicted that 1930 would be A splendid employment year. These sentiments were not as baseless as they may seem in hindsight. Historically, markets cycled up and down, and periods of growth were often followed by downturns that corrected themselves. But this time, there was no market correction; rather, the abrupt shock of the crash was followed by an even more devastating depression. Investors, along with the general public, withdrew their money from banks by the thousands, fearing the banks would go under. The more people pulled out their money in bank runs, the closer the banks came to insolvency.
This would what is called convergent thinking as this type
of thinking is more suitable for more routine problems than the ones that require
a person to come up with a more creative solution. Convergent thinking sees
that there is only one solution to the problem and you will see that all lines
of thinking guided by the previous knowledge and logic converge to a singe
point and show the solution.
The answer is: A proposed amendment becomes part of the Constitution as soon as it is ratified bythree-fourths of the States (38 of 50 States).
