One of the main factors which contributed to the Stock Market Crash in 1929, when the very loose regulations related to margin orders.
In financial terms, margin in an instrument which consists on depositing a collateral with a counterparty (generally the broker) to cover some of the credit risk that the depositor places to that counterparty.
In the 1920s, the mandatory requirements regarding margins were not very strict, and brokers asked investors to put in a small fraction of their own money. Leverage rates which measure the proportion of debt, reached 90% with a high frequency. Nowadays, the Federal Reserve has established the limit of 50%.
Back in 1929, when the stock market started to contract, many investors received margin calls. They had to hand in more money to their brokers, because the amounts required before were not enough and if not, their shares would be sold. Many people did not have the extra margin amounts required, their shares were sold and the market declined further. This generated more margin calls and more declines. This is why margin calls were one of the causes which triggered the Stock Market Crisis and, in turn, the Great Depression in 1929.
Resources of oil, metal, and rubber in other colonies.
Japan thought they were doing everything for their country and their emperor.
Mercantilism created competition between companies, states, and countries. My teacher once gave me the example of a tree cutter making tables. It was about who makes the most profit.
Lincoln was firm politically in proposing that slavery is morally wrong but he was not an abolitionist himself.
Explanation:
His views regarding the racial equality were always tending to be controversial and complicated. There had been a situation wherein Lincoln admitted that constitution mandated certain clauses for abolition but he did not know what exactly need to be done to abolish slavery from the current political system.
Lincoln seemed to be working with abolitionists but did not count himself to be totally responsible to abolish slavery. Only with the emancipation he could win over the black’s votes.
