Due to the fall in the stock market, there has been a decrease in consumer spending and investments. This was caused by a steep decline in industrial production and a rise in unemployment due to failed companies that fired their workers. After the fall in the first 10 months of 1930, 744 banks collapsed - 10 times more. In all, 9,000 banks collapsed during the decade of the 1930s. It is estimated that 4,000 banks failed only during one year in 1933. Until 1933, depositors lost $ 140 billion due to the failure of banks. This is too simplified to find out the decline in stock trading as a unique cause of the Great Depression. However, in 1932, when the country collapsed in the depths of the Great Depression and about 15 million people (more than 20% of the American population at that time) was unemployed.
Answer: Chiang Kai-shek (31 October 1887 – 5 April 1975),also known as Chiang or Chieh-shih , was a Chinese Nationalist politician, revolutionary and military leader who served as the leader of the Republic of China between 1928 and 1975, first in mainland China until 1949 and then in Taiwan until his death.
Explanation:
Answer:
C
Explanation:
the spread of literature, art and the establishment of universities
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