Answer:
In the 1920s, Nebraska and the nation as a whole had a lot of banks. At the beginning of the 20s, Nebraska had 1.3 million people and there was one bank for every 1,000 people. Every small town had a bank or two struggling to take in deposits and loan out money to farmers and businesses.
As the economic depression deepened in the early 30s, and as farmers had less and less money to spend in town, banks began to fail at alarming rates. During the 20s, there was an average of 70 banks failing each year nationally. After the crash during the first 10 months of 1930, 744 banks failed – 10 times as many. In all, 9,000 banks failed during the decade of the 30s. It's estimated that 4,000 banks failed during the one year of 1933 alone. By 1933, depositors saw $140 billion disappear through bank failures.
Video Interview Walter SchmittGresham, Nebraska, had two banks – one too many for that small town. The bank in danger of failure merged with the other. Gresham resident Walter Schmitt (right) remembers the deadly consequences for the owner of the failed bank.
When a new president, Franklin Delano Roosevelt was inaugurated in March 1933, banks in all 48 states had either closed or had placed restriction
Explanation:
Answer: Slavery was integral to the South's economy and culture. When the South lost the war, the Confederate States of America dissolved and Southern states lost their power.
Explanation: The end of slavery resulted in a tremendous loss of crop production on many Southern plantations and, ultimately, an unsustainable economy in the South.
The main reason why <span>Christopher Columbus ventured into the Caribbean in 1492 was because he was searching for a sea route to India, which he why he called the locals "Indians". </span>
Around the beginning of the 20th century, foreigners, including America, saw China as primitive and militarily weak. As a result, it was believed that China was ready to be exploited for its resources, as well as become a market for imports from other countries.
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In 1898, Chinese peasants began to organize into fighting groups in hopes of driving foreigners out of China. They believed foreigners were a threat to Chinese culture. Foreign media labelled these militant peasants as "boxers".
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<span>On June 18, 1900, the Chinese Empress Dowager, a supporter of these "boxers", ordered all foreigners inside China to be killed. Several foreign ministers, christian ministers, and their families were killed. This gave the international community a reason to invade with a force of 2100 American, British, Russian, French, Italian, and Japanese soldiers to stop this killing.</span>
