A potlatch is a gift-giving feast practiced by Indigenous peoples of the Pacific Northwest Coast of Canada and the United States, among whom it is traditionally the primary economic system.
This includes the Heiltsuk, Haida, Nuxalk, Tlingit, Makah, Tsimshian, Nuu-chah-nulth, Kwakwaka'wakw, and Coast Salish cultures.
In Egypt, Gamal Abdel Nasser's seizure of the Suez Canal continued his policy of nationalization. The seizure and nationalization of the Suez Canal Company was announced on July 26, 1956 by Nasser before a large number of people in the city of Alexandria. The Suez crisis signaled the end of British and French domination over Egypt.
Answer:
<u>Caused Stock Market Crash</u>
- Increased buying of stocks on credit
- Income-tax cuts pumping money into the market
- Marked decline in construction industry
In the 1920s U.S. stock prices were rising at an unsustainable rate so much so that a lot of people wanted to benefit from the stock market. They pumped everything they had inside including the income tax cuts by the government. They even used credit/ loans to buy stocks.
In 1928, the Fed was worried about how overheated the economy was and raised interest rates which hurt the construction industry which relied heavily on loans.
These factors led people to become desperate such that when the market declined even a little bit, people began to sell in large quantities so as to make back their investments and so the stock market crashed.
<u></u>
<u>Result of the Crash.</u>
- Fallout from the "court-packing" scheme
- Roosevelt's implementation of the principles of Keynesian economics
After the Crash, Roosevelt came to power and began to implement Keynesian economic principles which called for government intervention to save a failing economy as opposed to waiting for it to correct itself. When the Supreme Court kept threatening to impede his programs, Roosevelt tried to engage in Court-Packing which would involve increasing the number of Supreme Court Justices.
Answer:
I am so upset at myself. I don’t know where my head was. Finally, here I was, with $80 to my name (which is meager compensation for a two-month cattle drive), and then I lose it all gambling. Just one night, and now I am bankrupt all over again. Yesterday was my 22nd birthday, as well as my payday, so I allowed myself a little gambling in Abilene, Kansas, a cow town. But I got so caught up in the action that I couldn’t stop, and pretty soon, I was broke.
I had been hoping to save enough money to start my own business, Bronco Jones and Company, but I suppose that will just have to wait for the next cattle drive. Hopefully, by then I will have better sense.
But enough talk about that. I shall write about the cattle drive, in case I ever look back in this journal 20 years from now and wonder what it was like. Cowhands have very tough jobs, not to mention boring at times. I am a swing rider, and I help keep the cattle from straying. There are several other cowhands and, of course, a point rider and a cook. Lucky for us, we now have a talented cook who can turn anything into a delicious meal. We've had much worse cooks in the past.
One little piece of excitement that sticks out in my mind is the day a single gunshot started a cattle stampede. I didn’t even have time to wonder where it came from, for in a split second, the longhorns had already taken off at an alarming run. It was all chaos for some time. Finally we managed to slow down the stampeding herd by turning them in a wide circle. That memory shall certainly amuse me for some years to come, and I do need some fun, for tomorrow I am returning to Texas for yet another cattle drive. I hope it's my last.
hope this helps
