a period of excessive speculation. The collapse of the stock market revealed that the much-trumpeted economic prosperity of the 1920s had been built on weak foundations. By this period, production had already declined and unemployment had risen, leaving stocks in great excess of their real value. Government policies throughout the twenties, such as high tariffs, soft enforcement of anti-trust laws, the absence of checks on speculation in real estate and the stock market, contributed to the implosion of the Great Depression.
Correct answer choices are :
B) Many new nations in Latin America struggled to create a government and a stable economy.
C) James Monroe supported the independence movements and warned European nations to stay away.
Explanation:
Despite the belief delivered by Independence and the reliable attempts an instance of some of the officers of the new communities, the aims of the changes in justice and unity mostly went unfulfilled. The acute sense of Independence that had begun to victory over imperial overlords, would cause disputes between the new nations and defeat Simon Bolivar's visions of a Gran Columbia in South America. Soon after Independence, the spiritual reigns of government were seized by men who did not share the sense of justice that had inflamed the revolutions.
In what context?
Colonies were beneficial because the prevailing economic ideology of the 16-17th century was mercantilism.