The booming economy led in 1929 to a backlog of business inventories which was three times larger than the year before. As a result a recession began in August 1929, two months before the stock market crash. During this two month period, production declined at an annual rate of
20 percent. This decline resulted in the stock market crash which began October 24, followed by Black Tuesday on October 29. Losses for the month amounted to $16 billion, an astronomical sum in those days.
1932 and 1933 were the worst years of the Great Depression. Industrial stocks lost 80 percent of their value since 1930. 10,000 banks failed , or 40 percent of the 1929 total. GNP fell 31 percent since 1929 and over 13 million Americans lost their jobs between 1929 and 1932. In 1933 unemployment did rise to 24.9 percent.
The desperation of many people and especially veterans from WW I resulted in spectacular events, the most dramatic the so-called Bonus marches in 1932.
Answer:
d
) Patriots were more likely than Loyalists to believe in the idea of consent of the governed.
Explanation:
The first thing you would understand is that Loyalists were called Loyalists because they supported the rules of Great Britain. If they supported staying as a colony, why would they have any will in the first place to "go to war" with Great Britain if they are contend with the status they hold during the time? The only group that wanted to go to war was the Patriot group, not the Loyalist group.
Answer:
New England
Explanation:
During the American Revolutionary War around 1777, coupled with the addition of about eight thousand support from Canada.
The British government in their attempt to win the war under the advice of John Burgoyne declared that his armies could seize and take over the Hudson River.
Thereby isolate New England from the other colonies. This is in the hope that General William Howe would lay a great assault in Philadelphia.
The Union had more men and factories to throw at the frontlines. Although the Union had those advantages, the Confederacy was fighting on their own turf, giving them a larger advantage.
1. European expansion was driven by all of the following except fear of African empires.
2. The Treaty of Tordesillas in 1494 gave Spanish control of almost all of the Americas.
3. The Aztec rulers of Mexico fought against the forces of Hernan Cortes. He was famous for winning against the Aztec empire with only 500<span> men.</span>
