<span>In 1917, Germany, determined to win its war of attrition against the Allies, announced the resumption of unrestricted warfare in war-zone waters. Three days later, the United States broke diplomatic relations with Germany, and just hours after that the American liner Housatonic was sunk by a German U-boat.</span>

3 0

3 years ago

Please help: Between 1920 and 1929 on average how much did stock prices increase

vredina [299]

Look at the chart that I have attached. The low point was between 55 or 60 to 381. When you look at something like Bitcoin, that doesn't look like it was very much, but there are two things that you really have to keep in mind.

1. Most people had only about 10% of the price of the stock covered. What that means is that if a stock cost 100 dollars, most people had only 10 dollars holding it down. The rest was put up by the bank. The market was doing such crazy things that I don't even think the banks checked into your credit. The stock was holding down what you owed. The bank only got its share when you sold. Preposterous!!! It sure was.

2. The second thing is that the numbers I've given you were the Dow Jones Industrial Average. That's the cream of the cream on the NY stock exchange. Who knows what was going on with companies that were not that big. They were what the economic writers would have called "Good Speculations," which translated into "go mortgage your house, sell your furniture, back up the truck (and then sell it too) and buy xzy. You'll never be broke again."

That by the way is why bitcoin and all its relatives is so dangerous.

8 0

3 years ago

Why do you think Mark Twain used satire to make his point that imperialism was not really helpful to the people in colonies and

kvv77 [185]

Twain's ideas became more radical with age. In some comments, he himself acknowledged that his thinking changed and developed throughout his life. Before 1899 Twain was an ardent imperialist. In the late 1860s and early 1870s he spoke strongly in favor of American interests in the Hawaiian Islands. In the mid-1890s, as he explained later, it was an imperialist ignition. I wanted to see the American eagle on the Pacific Ocean. He said that the war with Spain in 1898 was "the most honorable war ever fought." In 1899 he changed his mind, and in the early 1900s, until his death in 1910, Twain was the vice president of the "American Anti-Imperialist League", which opposed the annexation of the Philippines by the United States and had "tens of thousands of members". He wrote many political pamphlets for this organization. His Incident in the Philippines, published posthumously in 1924, was in response to the "Moro Crater Massacre," where six hundred Filipino Moors died. Many of his forgotten and uncollected writings against imperialism first appeared in book form in 1992.

Twain used the satire to describe his opinion on Imperialism, because he knew that it was the most effective way to transmit his powerful message to people, especially those who were affected by this problem.

3 0

3 years ago