Financial experts warned the public the the American Economy is slowing down. With this warning in mind, investors started selling their shares in large numbers in September 1929. By 24th October 1929, 12.8 million shares were sold and another 16 million shares were sold at a very low price on 29th October 1929. The panic selling of shares lead to the collapse of the stock market in New York.
The aftermath of the wall street crash was very disastrous. Investors lost their money and was not able to pay off their debts. Many banks closed, leaving their depositors with no money nor hope for the future. Ordinary people lost their means to buy foods and other basic needs like shelter and clothes. Companies have to downsize resulting to firing of redundant workers and lowering the wages of the remaining workers. Unemployment rose to very high level.
The Wall Street Crash led to the beginning of the Great Depression in the 1930s.
A collapse of their newly independent nations. Although the diverse ethnicities were unhappy under the Austro-Hungary empire, they were secure under the government.
Laissez-faire capitalism....
Spread of religion and political views
Answer:
The Nazi military tactic that led to their rapid success in World War II was the blitzkrieg.
Explanation:
Blitzkrieg is a military tactic based on the combination of mechanization, air power and telecommunications, aimed at the development of rapid and overwhelming maneuvers designed to break down enemy lines at their weakest points and then proceed to encircle and destroy isolated units, without giving any ability to react, given the constant state of movement of the attacking units.
Crowned by a resounding success during World War II, in the countryside of Poland, France and the Balkans, the Blitzkrieg showed the first shortcomings during the Barbarossa Operation. In fact, while on the western battlefields the operational distances were estimated in the order of tens of miles (allowing the mechanized infantry to almost never lose contact with the advancing armored units), in the endless Russian steppes the formations often ended up enormously lengthening, distributing the attack units along impressive-sized routes, making the aggregate infantry accumulate delays in the order of days with respect to the Panzer-Division.
