Answer:
During the stock crash, most people were trying to trade the stocks, mostly to sell overpriced stock that had lost a great amount of value in only a few days.
Unfortunately for most of them, these stocks still lost a great amount of value, which meant that they lost a lot of money. Billions of dollars of market value were wiped out in a single day, leading to thousands of people to financial ruin, and starting a period of economic recession known as the Great Depression.
In the summer of 1794, tensions between farmers and creditors in western Pennsylvania boiled over into violence. A group of armed farmers, calling themselves the "Associators," began to attack and seize the property of anyone they saw as an enemy. In response, President George Washington dispatched a force of 13,000 militiamen to put down the rebellion.
In a report to Congress, Alexander Hamilton described the events in Pennsylvania as an "insurgent" and "insurrection." By using these words, Hamilton was trying to downplay the seriousness of the situation and avoid calling it a full-blown rebellion. He may have also been trying to avoid provoking even more violence by using language that was less inflammatory.
The situation in Pennsylvania was eventually resolved without any major bloodshed. However, the episode showed how quickly tensions could boil over into violence in the early days of the republic. It also showed the importance of having a strong central government that was able to quickly put down any internal threats to the stability of the country.
Before the Civil War, the Free-Soil movement and the Republican Party embraced this idea for the American West: a territory reserved for small white farmers, unchallenged by the wealthy plantation owners who could buy up vast tracts of land and employ slave labor.
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