The Great Depression was a period of unprecedented decline in economic activity. It is generally agreed to have occurred between 1929 and 1939. Although parts of the economy had begun to recover by 1936, high unemployment persisted until the Second World War.
<span>The 1920s witnessed an economic boom in the US (typified by Ford Motor cars, which made a car within the grasp of ordinary workers for the first time). Industrial output expanded very rapidly. Sales were often promoted through buying on credit. However, by early 1929, the steam had gone out of the economy and output was beginning to fall.The stock market had boomed to record levels. Price to earning ratios were above historical averages.The US Agricultural sector had been in recession for many more years<span>The UK economy had been experiencing deflation and high unemployment for much of the 1920s. This was mainly due to the cost of the first world war and attempting to rejoin the Gold standard at a pre world war 1 rate. This meant Sterling was overvalued causing lower exports and slower growth. The US tried to help the UK stay in the gold standard. That meant inflating the US economy, which contributed to the credit boom of the 1920s.
</span></span>During September and October a few firms posted disappointing results causing share prices to fall. On October 28th (Black Monday), the decline in prices turned into a crash has share prices fell 13%. Panic spread throughout the stock exchange as people sought to unload their shares. On Tuesday there was another collapse in prices known as 'Black Tuesday'. Although shares recovered a little in 1930, confidence had evaporated and problems spread to the rest of the financial system. Share prices would fall even more in 1932 as the depression deepened. By 1932, The stock market fell 89% from its September 1929 peak. It was at a level not seen since the nineteenth century.
<span>Falling share prices caused a collapse in confidence and consumer wealth. Spending fell and the decline in confidence precipitated a desire for savers to withdraw money from their banks.</span>
Natural resources for example mountains made hard for Egyptian to communicate
Communal living would be a society where everyone lived in the same community and shared everything. So the answer is A.
Answer:
One part of the Spanish conquest of the Americas focused on religion: on their need to convert Native Americans to the one true religion. The Spanish viewed Indians as heathen savages who worshipped devils. Therefore, Indians would spend eternity suffering the tortures of hell unless they were saved.
Explanation:
The supporters of Ali in the conflict for power in the Islamic world during the Middle Ages are known as the A. Shia. Ali was the son-in-aw and the cousin of prophet Mohammad. The Shias regarded Ali as the first Imam and thus they considered Ali and his descendants as the direct and the legitimate successor of Mohammad. It was even theorized that Ali was born inside the Kaab in Mecca. The Shias when they regard Ali they would add the title peace upon him. He was a close companion of Mohammad, especially during the persecution of Muslims by the Meccans.
