Here are some causes of the economic bust of the late 1920's/early 1930's. A valid argument can be made for all of the following:
1) Buying on credit- This form of payment allowed American citizens to pay a small down payment and then pay off the cost of the good month by month. However, many citizens did not realize that with interest, this would actually cost more in the long run.
2) Investments in the stock market- Many Americans invested their money into the stock market, as it was constantly doing well during the 1920's. However, many of these individuals bought these stocks on margin. This meant they put 10% down and the bank would cover the other 90% of the cost. This turned out to be a horrible mistake, as the stock market crash resulted in banks and citizens losing millions of dollars.
The New Deal helped to fix some of the aforementioned problems. For example, the bank holiday implemented a few days after Franklin D. Roosevelt's inauguration resulted in the federal government investigating and monitoring banks that made bad loans. These banks would then be controlled by the government to ensure they would not give out bad loans again. Along with this, the Federal Deposit Insurance Corporation helped to provide financial security for those individuals keeping their money in banks.
Answer:
The first to document Indian cultures across Texas writing la relation which inspired others to search for the seven cities of Cibola is explained below in details.
Explanation:
The 7 Cities of Gold, identified as the 7 Cities of Cibola, is a story that was widespread in the 16th era. They were exploring for 7 cities said to be loaded with gold and reserve It is also highlighted in various compositions of popular culture. According to writing, the 7 cities of gold could be discovered completely in the pueblos of the New Mexico Territory.
Answer:
<u>It reserved land west of the Appalachians for Native Americans
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Explanation:
When the Franco-Indian War ended in 1763, France gave all right to territories in North America east of the Mississippi River to Britain. However, the Indians, who were allies of France during the war, became increasingly dissatisfied with British politics and started a war of independence against them. The Pontiac rebellion led to the Royal Proclamation of 1763, which forbade the settlement of Englishmen west of the Appalachian Mountains. The main goal of the proclamation was to force the colonists to buy land from the natives, in order to reduce the costly wars that waged around the territory.
