Answer:
The answer is C
The city's housing could not keep up with the population surge.
Explanation:
In the 16th century, vernice was already a center of attraction. Vernice,a city in northeastern Italy and the capital of the Veneto region. It is situated on a group of 118 small islands that are separated by canals and linked by over 400 bridges.
The name "VERNICE" is derived from the ancient Veneti people who inhabited the region by the 10th century BC. The city was historically the capital of the Defunct Republic of Venice which was a great nation that existed long time ago, By the 16th century, Venice was the capital of its own huge empire and a major crossroads of trade and travel between Europe and the Mediterranean. At the same time, painters including Titian and Giorgione were making the city a centre of Renaissance culture, the population surged from around 100,000 to nearly 170,000. The city housing could not keep up with The population and so many
Venetians began opening up their homes for rent.
The author included the information about 1920 and 1925 because that was the time the U.S economy expanded rapidly, The Roaring Twenties. Until 1925 there wasn’t legal requirement to separate the operations of commercial and investment banks, the investment banking was consisted of <em>JP Morgan & Co, Kuhn, Loeb & Co, Brown Brothers and Kindder, Peabody & Co</em>. Their funds could be used to fund the underwriting business of the investment baking side.
In 1929 everyone was putting their savings into stocks, not only the wealth part but the poor part too and because of that the stock market reached the peak in August 1929. But than the production declined causing unemployment and with that the stock prices were much higher than their actual value. The economy was struggling, the debt was rising and the banks had and excess of large loans that couldn’t be liquidated.
In the 1930s over 9,000 banks failed because people didn’t trusted them to put their saving. The Great Depression the official unemployment rate was 25% and the stock marked declined 75% since 1929. But in 1933 now with Rooselvet’s administration he took immediate action about the economic woes first announcing that all banks would close, Bank Holiday. The Congress would pass reform legislation and reopen the banks. In “<em>first 100 days</em>” Roosevelt’s administration stabilized the industrial and agricultural production and created jobs and also created the Federal Deposit Insurance Corporation (FDIC) to protect depositors’ accounts and the Securities and Exchange Commission (SEC) to regulate the stock market and prevent what happened in 1929.
The big change between the crises in the 20s and 30s were all about who was in charge, President Hebert Hoover didn’t take much lead about the crises but Roosevelt did.
Inspired ideals of life liberty and the pursuit of happiness as well as separation of powers. John Locke and Baron de Montesquieu
"In 1641 it was claimed by the Massachusetts Colony and became known as the Upper Province.
Then in 1679 it became a Royal Province."
