Answer:
The northern economy relied on manufacturing and the agricultural southern economy depended on the production of cotton.
Explanation:
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One of the main factors which contributed to the Stock Market Crash in 1929, when the very loose regulations related to margin orders.
In financial terms, margin in an instrument which consists on depositing a collateral with a counterparty (generally the broker) to cover some of the credit risk that the depositor places to that counterparty.
In the 1920s, the mandatory requirements regarding margins were not very strict, and brokers asked investors to put in a small fraction of their own money. Leverage rates which measure the proportion of debt, reached 90% with a high frequency. Nowadays, the Federal Reserve has established the limit of 50%.
Back in 1929, when the stock market started to contract, many investors received margin calls. They had to hand in more money to their brokers, because the amounts required before were not enough and if not, their shares would be sold. Many people did not have the extra margin amounts required, their shares were sold and the market declined further. This generated more margin calls and more declines. This is why margin calls were one of the causes which triggered the Stock Market Crisis and, in turn, the Great Depression in 1929.
Did you try ' Foot Step' ?
The collapse of the world economy during the Great Depression had a deleterious effect on the Ethiopian economy . Prices for ... The new emperor now moved to advance his policies of modernizing Ethiopia and consolidating power in his own hands . ... While the constitution did allow for broadened political participation , it nevertheless did little to dilute the emperor ' s nearly absolute political authority .
The main result of Columbus' voyages across the Atlantic was that a "New World" was discovered in which resources were plentiful--meaning that these resources were shipped back to England and Europe. Another result is that millions of Native people were killed or displaced.
