Most individual investors borrowed money to buy stocks and many of them also bought these stocks on margin, meaning they only actually paid for 80% - 90% of the stock they had had borrowed money to buy. They were called 'margin millionaires' - they actually truly owned very little of the stock. Threes investors became extremely vulnerable to lack of confidence in stock prices when the stock prices fell somewhat and we're the first to line up to sell their stocks. That in combination with the fact that many businesses had borrowed heavily to invest in their businesses, when a stock sell-off frenzy began businesses' stock value feel rapidly, banks couldn't be repaid, the banks collapsed and a great deal of people lost their life savings very rapidly.
The Twelfth Amendment of the United States Constitution <em>states that when a presidential candidate doesn't receives the majority of the electoral votes</em>, the decision will pass to the House of Representatives, where each state will have one vote.
The election of 1824 between <em>John Quincy Adams , Andrew Jackson, Henry Clay and William Crawford</em> is remembered as the only time in which according to The Twelfth Amendment since no one received the majority of electoral votes, the decision was passed to the House of Representatives. It was the only time when a presidential candidate (Andrew Jackson) that received most of the electoral votes was not elected president, because the majority of votes is required to win.
<em>The House of Representatives elected John Quincy Adams as President of the United States. </em>
Considering that WWI was different from every other war/world event because back then they didn't have Modern Technological Advancements such as guns, and nuclear power, they had to use tactics such as "Gorilla" or other strategical tactics that may have helped them win the war. Hope this helped!<span />
