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The spike in price caused fuel shortages and long lines at gas stations similar to the 1973 oil crisis. ... Iraq's oil production also dropped significantly, triggering economic recessions worldwide. Oil prices did not return to pre-crisis levels until the mid-1980s.
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The stock market crash of 1929 was not the sole cause of the Great Depression, but it did act to accelerate the global economic collapse of which it was also a symptom. By 1933, nearly half of America's banks had failed, and unemployment was approaching 15 million people, or 30 percent of the workforce.
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Luddite is a historically appropriate term as it interconnects with the same meaning and cause that occurred in the 19th century.
<u>Explanation:</u>
The real Luddites were the British weavers and craftsmen, around 19th century there was a labor movement against the mechanized manufacturers. People were loosing job as they were not needed anymore after the invention of machines.
Luddite is a historically appropriate term as it interconnects with the same meaning and cause that occurred in the 19th century. Today, the term Luddite refers to people who are against using the latest technology as the wont be man needed jobs as they being replaced by machines. Which not only makes the human beings lazy but also jobless.
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The North had an industrial economy, an economy focused on manufacturing, while the South had an agricultural economy, an economy focused on farming. Slaves worked on Southern plantations to farm crops, and Northerners would buy these crops to produce goods that they could sell.
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it would be hard to find the gold without the tools to do so (I forget it's name) such as the dish that removes the dirt so you can see the metals
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