Hello,
The banking system created a massive debt during the great depression due to increased investment in the stock market, as well as loaning credit out to people that became unable to repay them. By the time the stock market crashed on October 29th, 1929, the banks had literally run out of money, leaving many people penniless as others tried taking their savings out.
Answer:
In order to win approval of the three quarters of states required for its ratification, the Constitution was a product of compromise that, at times, used vague or imprecise language–take, for instance, Congress' power to “make all Laws which shall be necessary and proper” to execute its long list of duties. <u>In other words, the Constitution can be adjusted according to circumstance while at the same time being morally correct.</u>
