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:
He helped to break up the colony of Thomas Morton at nearby Merry Mount when it proved too unpuritanical to suit Plymouth.
Answer:The ancient Rome influenced and unified the medieval Europe as Medieval guilds were inspired by Roman ones and Rome continued as the center of the church.
A guild is an association of artisans or merchants who oversee the practice of their crafts and trade in a particular area. There were several categories of medieval guilds like merchant guilds, craft guilds, religious guild etc.
Explanation:
Middle Ages:
The Middle Ages was an age in European history that lasted for about 1000 years. It was followed by the Renaissance, and preceded by the classical age. Feudalism was the dominant social structure during this time period.
Answer and Explanation:
Medieval Europe was formed after the collapse of the Roman Empire in 476 AD. However, several elements of Roman culture survived, and helped to create a unified, European culture in Western Europe. One of these elements was the Latin language. Latin remained the language of the clergy, diplomacy, scholarship and education throughput the Middle Ages. The second element was the Roman Catholic Church. Catholicism was the official religion of most societies in Western Europe until the 16th century.
The correct answer is C chief
Answer:
strategy of burning or destroying crops
Explanation:
