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What were some of the benefits of declaring independence? The colonist were free to set up their own government and laws. What were the costs for declaring independence? This would cause a war with Britain, lives would be lost and if the colonist lost the war, they could be charged with treason.
Stock Market Crash The start of the Great Depression is usually considered the Stock Market Crash of 1929. The market crashed from "over speculation." This is when stocks become worth a lot more than the actual value of the company. People were buying stocks on credit from the banks, but the rise in the market wasn't based on reality. When the economy began to slow, stocks began to fall. In October of 1929, people panicked and began selling stocks like crazy. The stock market crashed and many people lost everything. Although the stock market crash wasn't the only cause for the Great Depression, it certainly helped to get it started.
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Europeans first became interested in Africa for trade route purposes.They were looking for ways to avoid the taxes of the Arab and Ottoman empires in Southwest Asia. Sailing around Africa was the obvious choice, but it was a long voyage and could not be completed without “pit stops” along the way. Europeans created ports in southern and eastern Africa so traders could restock supplies before crossing the Indian Ocean.