Answer:
Marxism is a political ideology that calls for central planning of the economy.
The Great Depression is described through bank failures, business failures, agricultural challenges, <em>layoffs</em>, and unemployment.
<h3>What was the causes and impact of the Great depression? </h3>
The Great Depression occurred in the US by the failure of the stock market, which lead to its crash. This generated a drastically negative impact on banks due to the creation of bank panics.
The economy suffered from a fall in <u>production and investment </u>activities. Along with this the <em>agricultural sector </em>also faced falling prices of lands and farm yield due to decreasing demand in the nation.
Therefore, common people had to face unemployment crises due to the <em>lowering </em>of industrial works.
Learn more about the Great depression here:
brainly.com/question/2714227
Thomas Jefferson served as Secretary of State while Washington was in office
