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.
They threw the chests of tea into the Boston Harbor. (Boston Tea Party)
They would not pay taxes on their tea, plain and simple. The Boston Tea Party is also important because of both the British and American responses to the actions that followed the tea party.
Answer:
Constitutianale Government
Explanation:
constitutional government (a combination of oligarchy and democracy under law) the ideal form of government, but he observes that none of the three are healthy and that states will cycle between the three forms in an abrupt and chaotic process known as the anacyclosis.
Answer:
Explanation:
the western faction, because it is closer to the west than the eastern faction. both the northern faction and the southern faction will probable stay neutral, or split things in half horizontally.
