The depression originated in the United States, after a fall in stock prices that began around September 4, 1929, and became worldwide news with the stock market crash of October 29, 1929 (known as Black Tuesday). Between 1929 and 1932, worldwide GDP fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II.
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As a result of Johnson’s leniency, many southern states in 1865 and 1866 successfully enacted a series of laws known as the “black codes,” which were designed to restrict freed blacks ...
Explanation:
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The United States was able to pay for the construction of the Panama Canal by negotiating and financing land treaties with the governments of Panama and Columbia. The treaty came to be known as Mallarino- Bidlack treaty. This was a very important treaty for the Americans as they got the control of the Panama Canal.
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