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Pani-rosa [81]
4 years ago
10

Site where german troops surrendered to the soviets on january 31 1943

History
1 answer:
Doss [256]4 years ago
8 0
German troops surrendered at Stalingrad.
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What was the effect of bank runs & bankruptcy after the Stock Market Crash of 1929?
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People sold off bank stocks, making them worthless.

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The Stock Market Crash of 1929 caused a series of bank runs which destroyed the people's trust in the banking system. It began as a rumor that the banks were unable to pay cash which then transcended to panic among customers causing them to withdraw their funds en masse. They also spent little thus causing a stagnant economy. People withdrew their cash from the banks thus causing the solvency of many banks.

Banks in turn liquidated their loans and sold their assets at very low costs.

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So how can China produce enough safe food for its growing population if they all start eating like Americans?  The simple answer is it can't. It takes about 1 acre (half a hectare) to feed the average U.S. consumer. China only has about 0.2 acres of arable land per citizen, including fields degraded by pollution.

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