Answer:
The beginning of the Great Depression in the United States is considered to be August 1929, when the industrial production index reached its peak. At that time, money was tightly tied to gold reserves, which limited the money supply. At the same time, production grew. At the turn of the century, new types of goods such as cars, planes, radios appeared. The number of goods in mass and by assortment has increased many times. As a result of the limited money supply and the growth of the commodity supply, strong deflation arose - a fall in prices, which caused financial instability, the bankruptcy of many enterprises, and loan defaults. A powerful multiplier effect has hit even growing industries.
From the standpoint of monetarism, the US Federal Reserve monetary policy triggered the crisis. A sharp decline in money supply by one third between August 1929 and March 1933 was a huge brake on the economy, and was the result of the incompetence of the Fed leadership.
This period was characterized, on the one hand, by very powerful technical changes, and on the other, by the abundance of capital, which allowed both updating capital and expanding stock exchange operations, as a result of which the speculative “bubble” increased.
Explanation:
Answer:
The US Constitution is a system where the President can veto a bill that Congress approves, to ensure that the government does not gain too much power. The Constitution was implemented to fix America's weak political structure.
Explanation:
I hope that helps and sorry if its not correct.
The correct option is B,
The enlightenment established the basic ideals of the great awakening. The great awakening which occurred between 1730 and 1740 gave colonists a shared national religious experience.The awakening is an attempt to turn people back to God and it is an outcome of the enlightenment. <span />
Enlightenment ideas led to Renaissance and Reform by instituting new political, social and economic values based on rationalism.
<h3 /><h3>What was the Renaissance?</h3>
It was a philosophical, artistic and cultural movement that began in Europe in the 15th and 16th centuries and impacted the entire world, marking the transition from the Middle Ages to the Modern Age, by instituting values related to rationalism and humanism.
Therefore, the renaissance generated technological developments, such as scientific methodology and focus on the individual, with the achievement of fundamental rights.
Find out more about Renaissance here:
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To spread and preserve Greek knowledge and culture
