The Great Depression was a period of unprecedented decline in economic activity. It is generally agreed to have occurred between 1929 and 1939. Although parts of the economy had begun to recover by 1936, high unemployment persisted until the Second World War.
<span>The 1920s witnessed an economic boom in the US (typified by Ford Motor cars, which made a car within the grasp of ordinary workers for the first time). Industrial output expanded very rapidly. Sales were often promoted through buying on credit. However, by early 1929, the steam had gone out of the economy and output was beginning to fall.The stock market had boomed to record levels. Price to earning ratios were above historical averages.The US Agricultural sector had been in recession for many more years<span>The UK economy had been experiencing deflation and high unemployment for much of the 1920s. This was mainly due to the cost of the first world war and attempting to rejoin the Gold standard at a pre world war 1 rate. This meant Sterling was overvalued causing lower exports and slower growth. The US tried to help the UK stay in the gold standard. That meant inflating the US economy, which contributed to the credit boom of the 1920s.
</span></span>During September and October a few firms posted disappointing results causing share prices to fall. On October 28th (Black Monday), the decline in prices turned into a crash has share prices fell 13%. Panic spread throughout the stock exchange as people sought to unload their shares. On Tuesday there was another collapse in prices known as 'Black Tuesday'. Although shares recovered a little in 1930, confidence had evaporated and problems spread to the rest of the financial system. Share prices would fall even more in 1932 as the depression deepened. By 1932, The stock market fell 89% from its September 1929 peak. It was at a level not seen since the nineteenth century.
<span>Falling share prices caused a collapse in confidence and consumer wealth. Spending fell and the decline in confidence precipitated a desire for savers to withdraw money from their banks.</span>
Answer:
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Explanation:
Answer: Catalogs
Explanation:
In 1872, Aaron Montgomery Ward took advantage of the growing shipping business in America to establish the Montgomery Ward Company.
The company's modus operandi was to showcase goods in a catalog and distribute it to people who would then order the products they liked. The company would then deliver it by rail.
Starting with a single-sheet catalog that offered only 163 items, the company grew to serve 3 million customers by the year 1904 and are still in existence today.
The presidential election fund was created in 1971 to provide <u>fund for presidential primary campaigns and national party conventions</u>.
<u>Explanation</u>:
Federal Election Campaign Act of 1971 was passed by the federal government of United States of America. This act was created to fund the presidential primary campaigns and national party conventions.
The government thought that this funding scheme can reduce the dependency of the government representatives on the donation from the private sectors. By doing this, the influence of large corporation and private sectors in the election can be reduced.
Napoleon established all of the following in France, except: b. the abolition of taxes.
He only removed the tithes the Third Estates has to pay and made all the Estates pay taxes.
