I think it’s true
I’m sorry if I get it wrong
It is the law of the land in germany just like the us constitution is to america
Answer:
Great depression was the severest downturn of the economy .It lasted for more than 10 years .There was fall in the economy as a whole.There was fall in industrial production,prices,unemployment ,rise in poverty and fall in the performance of banks.
<u>Explanation:</u>
Causes of Great Depression:
- <u>Stock market crash of 1929</u>:it was one of the major causes that lead to great depression
- <u>Bank failures</u>:9000 banks failed and people lost their savings
- <u>Reduction in purchasing</u>:With the crash in the stock market people got scared and their purchasing power reduced a lot.
- <u>Reduction in production</u> :Less purchasing power of people had a great impact on production.
- <u>American economic policies</u> with Europe:In order to protect American companies ,new policies were introduced a high tax was charged on imports which reduces trade with other countries.
- <u>Drought</u>:In 1930 drought occurred in Mississippi.Due to which people were not able to pay the taxes and they had to sell their farms.
Early European monarchs sought the support of the middle class because the middle class was increasingly the source of tax revenue.
Answer:A