Villa's dominance in northern Mexico was broken in 1915 through a series of defeats he suffered at Celaya and Agua Prieta at the hands of Álvaro Obregón and Plutarco Elías Calles. After Villa's famous raid on Columbus, New Mexico, in 1916, U.S. Army General John J. Pershing tried unsuccessfully to capture Villa in a nine-month pursuit that ended when the United States entered into World War I and Pershing was called back. Villa retired in 1920 and was given a large estate, which he turned into a "military colony" for his former soldiers
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Part of Everything you need to know about Israel-Palestine ... Many Arabs saw the influx of Jews as a European colonial movement, and the two peoples fought bitterly
Financial experts warned the public the the American Economy is slowing down. With this warning in mind, investors started selling their shares in large numbers in September 1929. By 24th October 1929, 12.8 million shares were sold and another 16 million shares were sold at a very low price on 29th October 1929. The panic selling of shares lead to the collapse of the stock market in New York.
The aftermath of the wall street crash was very disastrous. Investors lost their money and was not able to pay off their debts. Many banks closed, leaving their depositors with no money nor hope for the future. Ordinary people lost their means to buy foods and other basic needs like shelter and clothes. Companies have to downsize resulting to firing of redundant workers and lowering the wages of the remaining workers. Unemployment rose to very high level.
The Wall Street Crash led to the beginning of the Great Depression in the 1930s.
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