Credit is essentialy a loan given that is paid back with interest. Arguably, credit caused the Great Depression. Many Americans invested in the stock market with credit when they did not have the money, so when a recession in the stock market occurred, many stockholders were in huge debt. Banks that lended money were out of money, and depositors lost money. This caused homes to foreclose, and because of the decrease in consumer purchasing power (people were in debt), companies laid off workers and unemployment rose.
Answer:
Explanation:
Major problems at the end of the war included labor strikes and race riots, and a lag in the economy due to farmers' debts. The Red Summer of 1919 saw an increase in violence in more than two dozen cities, as returning veterans (both white and African American) competed for jobs.
Development of the middle class, i hope that helped
Answer:
it helped the independence
Explanation:
Answer:
John Cabot
Newfoundland has strong claims to being the longest serving colony in the British Empire. It could even claim to being the oldest colony if you are not counting Wales, Ireland and the Channel Islands. It was claimed for the English as long ago as 1497 by John Cabot working on behalf of the British Crown.
