Th<span>e rational basis test.
I hope this helps :)</span>
Due to the fall in the stock market, there has been a decrease in consumer spending and investments. This was caused by a steep decline in industrial production and a rise in unemployment due to failed companies that fired their workers. After the fall in the first 10 months of 1930, 744 banks collapsed - 10 times more. In all, 9,000 banks collapsed during the decade of the 1930s. It is estimated that 4,000 banks failed only during one year in 1933. Until 1933, depositors lost $ 140 billion due to the failure of banks. This is too simplified to find out the decline in stock trading as a unique cause of the Great Depression. However, in 1932, when the country collapsed in the depths of the Great Depression and about 15 million people (more than 20% of the American population at that time) was unemployed.
The reform movement in politics, the society, and the economy was known as the Progressive movement.
This movement took several different steps to change American society. This included
A) The development of anti-trust laws- This would clean up the economy and stop monopolies from cornering markets and participating in price gouging.
B) Muckraking- Journalists exposed social ills in American society by writing influential books and using photographs to show things like the horrible working and living conditons of American citizens. This lead to changes in law (like the Meat Inspection Act) that increased consumer and worker safety.
C) 17th amendment- This lead to citizens voting directly for their US Senators instead of having them picked by members of the state legislature. This helped to stop political corruption.
