The correct option is "b. They speculated in the stock market."
The North American economy of the twenties was based on fragile pillars because, to a large extent, it was oriented to speculation. A substantial part of the business profits was not destined to improve productivity but to easy and fast businesses. The monetary surpluses went to the stock exchanges where low-priced stocks were acquired and sold as soon as their price was high.
From 1926 that economic model went into decline. The saturation of the market and the decrease in demand caused a decrease in industrial investment. The countryside was affected by an overproduction crisis and farmers suffered a substantial reduction in their profits. Speculation not only affected the stock market, it also extended to areas such as the second home: there were areas, such as Florida, that were the prey of an unprecedented real estate boom. The houses were bought and sold with the sole purpose of obtaining quick profits and their prices doubled or tripled in just a few months.
Gorbachev pursued glasnost and perestroika reforms because the Soviet economy could not keep up with the arms race. The correct option among all the options that are given in the question is the first option. The war of Afghanistan was proving a bit heavy on the Soviet economy. To stabilize the economy, Gorbachev pursued such policies.
Answer:A ruler should exercise power virtuously for the common good of his people/A good ruler should do whatever it takes to secure and unite his state.
Explanation:
Answer:
U.S. victory in the war produced a peace treaty that compelled the Spanish to relinquish claims on Cuba, and to cede sovereignty over Guam, Puerto Rico, and the Philippines to the United States. The United States also annexed the independent state of Hawaii during the conflict.
Explanation:
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