The booming economy led in 1929 to a backlog of business inventories which was three times larger than the year before. As a result a recession began in August 1929, two months before the stock market crash. During this two month period, production declined at an annual rate of
20 percent. This decline resulted in the stock market crash which began October 24, followed by Black Tuesday on October 29. Losses for the month amounted to $16 billion, an astronomical sum in those days.
1932 and 1933 were the worst years of the Great Depression. Industrial stocks lost 80 percent of their value since 1930. 10,000 banks failed , or 40 percent of the 1929 total. GNP fell 31 percent since 1929 and over 13 million Americans lost their jobs between 1929 and 1932. In 1933 unemployment did rise to 24.9 percent.
The desperation of many people and especially veterans from WW I resulted in spectacular events, the most dramatic the so-called Bonus marches in 1932.
Answer:
C is correct
Explanation:
Athens was a democracy where all male citizens had equal political rights.
The correct answer is <span>the tribute system required non-chinese to acknowledge chinese superiority and their own subordinate place in a chinese-centered world order
Basically, the Chinese people didn't need the rest of the world. They made a decision to say that to every other countries because the other countries needed China while China didn't need other countries. For this reason, Chinese interests always came first in every deal and if Europeans wanted something that was disliked in China they could kiss their wishes goodbye.</span>
Answer:
plantation agriculture
Explanation:
Plantation agriculture is generally referred to as a Large farm that is mostly based on a particular crop. Often Cash crops are usually cultivated and later harvested to sell to make a profit. It is also the concept of growing vast amounts of cash crops to be sold at the market for personal profit.
Hence, in this case, the correct answer is "PLANTATION AGRICULTURE"
