Answer:
The stock market crashed on Thursday, October 24, 1929, less than eight months into Herbert Hoover’s presidency. Most experts, including Hoover, thought the crash was part of a passing recession. By July 1931, when the President wrote this letter to a friend, Governor Louis Emmerson of Illinois, it had become clear that excessive speculation and a worldwide economic slowdown had plunged America into the midst of a Great Depression.
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The framers allowed the states to decide the requirements for voting
<em>Competition, is when two allies (or just random people too I guess) become rivals in order to complete a certain task first. Normally this would mean that a group of rivals are competing to earn a certain title, for example best at something, or just to make themselves look better.</em>
<em>It effect business because this creates tension often, meaning that the 2 rivaled sides are not exactly the most friendly to one another.</em>
<em>Hope this helps and have a nice day.</em>
<em>-R3TR0 Z3R0</em>
