The Great Depression lasted from 1929 to 1939, and was the worst economic downturn in the history of the industrialized world. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers. By 1933, when the Great Depression reached its lowest point, some 15 million Americans were unemployed and nearly half the country’s banks had failed.
The Populist party wanted the government to take over the railroads.
The Populist party mostly made up of farmers who had several grievances such as:
- railroads overcharging them to transport their goods
- the use of gold instead of silver to back the U.S. dollar
- high charges on telegraph
In order to address these, they formed the Populist party where they called on the U.S. government to take over the railroads and telegraph wires so that the government would give them better rates.
In conclusion, the Populist party wanted more government interference so that they would be able to access the railroad and telegraph at cheaper rates.
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<span>After decades of foreign rule, China wanted to protect its traditional culture from foreign influence.</span>
Answer:
Bush wanted to keep diplomatic ties in place with China.
Bush wanted to avoid another dispute with a global superpower
