The major cause of the Great Depression was the collapse of the stock market.
<h3>What is Great Depression?</h3>
Great Depression refers to the economic breakdown of the united states in 1929 and 1939 which led to the serious recession in the economy. This incident took first time in the history of the industrialization.
The economic breakdown began with the crash in the Stock markets where millions of the people had their investment and it led to the panic situation in the Wall streets.
The depression led to the fall in the production of the output and which raised the prices of the commodity. There was the tremendous increase in the level of unemployment.
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Answer:
The Monroe Doctrine was a principle of United States foreign policy from the 19th century onwards. This doctrine, created by Henry Clay, declared any form of European interference in the Western Hemisphere as a direct confrontation against the United States, thus seeking to guarantee that the European nations would not interfere in the affairs of the American continent, which would guarantee the territorial expansion of the United States. However, it promised to respect the existing colonies in the hands of the European powers.
<u>The correct answers are the following: </u>
- Most relief efforts should be at the state and local government levels.
- A strong executive is needed to lead the country.
- The banking industry should be more strictly regulated.
During Roosevelt's presidency, the New Deal was implemented in the 1930s decade to combat the harsh situation of the US economy during the years of the Great Depression.
The New Deal was based on Keynesian economics that identified, as the major cause of the Great Depression, the extremely low aggregate demand figures. The solution proposed was to boost demand figures by directing large sums of public money to the creation of job positions for the large unemployed sectors, so that they could start to earn a salary and to demand products again.
Therefore, the Keynesian solution involved goverment interventionism in the economy at all levels. Also more regulations were demanded for the economy, in order to prevent a similar crisis the future, triggered by the private sector (more specifically, by the banking sector) and which had ended up damaging the whole economy.
Answer: life liberty and property. Thomas Jefferson later wrote it as life liberty and the pursuit of happiness
The election of Nelson Mandela as president was the 20th-century event in South Africa's history that is most closely associated with the end of apartheid.
<h3>What is the Apartheid?</h3>
An Apartheid refers to the white-ruled South Africa's Nationalist Party that contributed to the country's harsh and institutionalized system of racial segregation.
The national party came to an end in the early 1990s in a series of steps that led to the formation of a democratic government in 1994.
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