to work long hours at this point
The first main reason was most of the market was based solely on credit, which was stock that was purchased without actual cash, but purchased on credit.
The second factor was the massive pull out by many investors due to a panic that caused the Banks to attempt to purchase these stocks leading to a complete collapse in the market.
US Containment Policy is a foreign policy strategy created and executed by the US after WWII founding it’s first key purpose in the Truman Doctrine of 1947. President Harry Truman warned of the evils of communism<span> that threatened the democratic freedom of its people which like the US, the Soviet Union wanted a world modeled on their own country’s society and values. Even though the Soviet claimed they provided all citizens with economic and social rights, the US saw communism as a slave state that control the private life and thoughts of its citizens. A threat that violated both democratic rights and civil liberties of its citizens and therefore required the continued efforts of America to make sure that it did not spread to the United States and other nations that have not yet moved politically towards Soviet Union communism. As such, this Policy of Containment stated that the US would try to stop (contain) the spread of Communism by creating strategic alliances or support to help weak countries to resist Soviet advances.
Hope this helps!</span>
<span> Before becoming president, he served in distinguished legal, military and congressional posts, and was governor of Ohio.
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