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Debora [2.8K]
3 years ago
6

The Great Depression began with the catastrophic fall of the stock market on Oct. 29, 1929. This day is known as "black Tuesday.

" What does this information lead you to conclude about the importance of the stock market to the American economy?
Social Studies
1 answer:
djverab [1.8K]3 years ago
3 0

Answer:

<h3>Stock market is a very significant determiner of American economy.</h3>

Explanation:

  • The fall of stock market on 29 October, 1929 played a massive role in emergence of the Great Depression. On this particular day, also known as Black Tuesday, investors traded 16 million shares as share prices completely collapsed in the New York Stock Exchange.
  • This sudden trade in a single day led to the loss of huge sums of money and removed thousands of investors from the Wall Street.
  • As a result, the economy started to collapse as businessmen and companies could no longer generate income and employment due to lack of investments.
  • Prices of goods plummeted, unemployment increased and fall of banks eventually followed one after the other.
  • It shows that stock market is a very significant determiner of American economy. With the fall of the stock market to almost 20% of its original value, the American economy started to collapse too. Thus, gradually attributing to the Great Depression of 1930s.
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Elina [12.6K]

The correct answer is functionalist perspective

The importance of functionalist theory is to explain the functions developed by the mass communications system, unlike the others it does not intend to study the effects, but the functions developed by mass communications in society.

An anthropological researcher in the functionalist perspective, must observe every detail of the studied culture, however simple it may seem, for example, how a community feeds or how they drink water, these details can lead to the construction of the history of that place and the community that lives there.

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Early adopters tend to be highly educated people, frequently in technological fields such as computer science. They are also opinionated and tech-savy. Other two qualities that early adopters display frequently is high status and high income. High status because a higher income tends to be correlated with status, and high income because otherwise they would not be able to finance the adoption of new innovations. (New technological devices such as the latest Iphone or a McBook Air tend to be expenseive).

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c. Study of how people change as they grow older.-----------Developmental psychology


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A huge extent of theories inside this discipline center upon improvement amid adolescence, as this is the period amid a person's life expectancy when the most change happens.  

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Nurture alludes to all the natural factors that effect our identity, including our initial youth encounters, how we were raised, our social connections, and our encompassing society.

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