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.
Answer:
A
Explanation:
the first cause of decline was the arab war
The American colonists were all similar in several ways. The
colonists had their own self government system and the people governing were
chosen mostly from farmers that had their own lands and also voted for the provincial
government. All the colonies were similar in the fact that all white men had
the voting rights and most black men were slaves. All the colonies were rich
and had good amount of food and so their growth rate was also very high.
They were both by their government army
