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>
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"weary of the 'Negro Question'" and "'sick of carpet-bag' government." are related to the same political, social end economical event that happened in the USA after the end of the Civil War: The Reconstruction era. Congressional Reconstruction included the stipulation that to reenter the Union, former Confederate states had to ratify the Fourteenth and Fifteenth Amendments. Congress also passed the Military Reconstruction Act, which attempted to protect the voting rights and civil rights of African Americans. Former Confederates resented the new state constitutions because of their provisions allowing for black voting and civil rights, where we can explain the "weary of the 'Negro Question'". Carpetbaggers were northerners who allegedly rushed South with all their belongings in carpetbags to grab the political spoils were more often than not Union veterans who had arrived as early as 1865 or 1866, drawn South by the hope of economic opportunity and other attractions that many of them had seen in their Union service. Many other so-called carpetbaggers were teachers, social workers, or preachers animated by a sincere missionary impulse.
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The first time he came to power he was elected but the second time he took power by force i hope this helps
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t's believed that the failure of France to put down a slave revolution in Haiti, the impending war with Great Britain and probable British naval blockade of France – combined with French economic difficulties – may have prompted Napoleon to offer Louisiana for sale to the United States.
