Answer:
The economy plummeted sharply in 1973
Explanation:
The economy actually grew in 1973 by 5.65%, but then it fell sharply, and fell byn -0.5 in 1974.
The reason for this drop was the 1973 oil crisis, after several Oil-exporting Arab Nations, launched an embargo against countries that had supported Israel in the Yom Kippur War, among these, the United States.
This embargo was very negative for the American economy, because the United States depended on these Arab Nations for its oil supply. Oil became scarce, which made energy, fuel, gasoline, and so on, more expensive. This naturally depressed economic activity because producing goods or services was now more expensive, or even impossible.
Answer:
Monroe faced an economic crisis known as the Panic of 1819. It was the first major depression to hit the country since the 1780s. The panic stemmed from declining imports and exports, and sagging agricultural prices.
Explanation:
i hope this helps..
In 1933 the general unemployment rate in the United States was over 25 percent; and at the same time, unemployment rates for various American minorities ranged up to 50 percent or more. It existed a huge racial discrimination in almost every facet of daily life in America through the 1920s, it was hard for many minorities to distinguish much difference between the Great Depression and "normal" economic times. Nonetheless, for these groups the Great Depression was worse than "normal" economic hardships they had suffered. Something to highlight is that during this time it was really difficult to live, even for the white Americans and for the minorities was worse.
People didn’t settle in certain areas because it was made up of desert and people settled in certain areas because there was ocean which has many natural resources people can use.
