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Stock Market Crash of 1929
Workers flood the streets in a panic following the Black Tuesday stock market crash on Wall Street, New York City, 1929
Hulton Archive/Archive Photos/Getty Images
Remembered today as "Black Tuesday," the stock market crash of October 29, 1929, was neither the sole cause of the Great Depression nor the first crash that month. The market, which had reached record highs that very summer, had begun to decline in September.
On Thursday, October 24, the market plunged at the opening bell, causing a panic. Though investors managed to halt the slide, just five days later on "Black Tuesday" the market crashed, losing 12 percent of its value and wiping out $14 billion of investments. Two months later, stockholders had lost more than $40 billion dollars. Even though the stock market regained some of its losses by the end of 1930, the economy was devastated. America truly entered what is called the Great Depression.
Answer during the Paleolithic Age, hominids grouped together in small societies such as bands and subsisted by gathering plants, fishing, and hunting or scavenging wild animals. The Paleolithic Age is characterized by the use of napped stone tools, although at the time humans also used wood and bone tools.
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Option: D escalation of the Cold War
Explanation:
The Brinkmanship policy of the 1950s resulted in a conflict escalation of the Cold War. The Brinkmanship was a foreign policy between the United States and the Soviet Union. The best example of this policy referred to the Cuban missile crisis when the Soviet place nuclear missiles in Cuba in 1962. The policy forces communication between two parties confrontation to gain an advantageous agreement over the other for power.
Both became militaristic, and started expanding their empires. However Japan never developed a total dictatorship like Germany did.
Trickle-down economics, or “trickle-down theory,” states that tax breaks and benefits for corporations and the wealthy will trickle down to everyone else. It argues for income and capital gains tax breaks or other financial benefits to large businesses, investors, and entrepreneurs to stimulate economic growth. The argument hinges on two assumptions: All members of society benefit from growth, and growth is most likely to come from those with the resources and skills to increase productive output.
