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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.
{People were asked to purchase A. War bonds to help the country financially.
Hey Flower!
The U.S would approach a global issue by trying to send out our extra troops if we are available or by talking with the leaders of countries who are allies in wars.
Russia is the other nation a bit more likely than the UK. They would end up strategizing a way to fund a solution just as the US would or they will help by sending down sorts of weapons.
Credit: Slipknot
Answer: The history of the Electoral College is receiving a lot of attention. Pieces like this one, which explores “the electoral college and its racist roots,” remind us how deeply race is woven into the very fabric of our government. A deeper examination, however, reveals an important distinction between the political interests of slaveholders and the broader category of the thing we call “race.”
“Race” was indeed a critical factor in the establishment of the Constitution. At the time of the founding, slavery was legal in every state in the Union. People of African descent were as important in building northern cities such as New York as they were in producing the cash crops on which the southern economy depended. So we should make no mistake about the pervasive role of race in the conflicts and compromises that went into the drafting of the Constitution.
Yet, the political conflicts surrounding race at the time of the founding had little to do with debating African-descended peoples’ claim to humanity, let alone equality. It is true that many of the Founders worried about the persistence of slavery in a nation supposedly dedicated to universal human liberty. After all, it was difficult to argue that natural rights justified treason against a king without acknowledging slaves’ even stronger claim to freedom. Thomas Jefferson himself famously worried that in the event of slave rebellion, a just deity would side with the enslaved.
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