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.
This caused him to discover suffering in the world after a sheltered life and he left the palace and his father behind to discover the truth of suffering
Answer:
With Congress unable to collect taxes, both states and congress printed their own paper money. The value of the bills dropped as the price of goods soared. This led to some food riots. Congress had borrowed money from the American citizens and foreign countries to pay for the war.
Explanation:
<span>1.For the fall of Rome, it was the Huns invading from the east that caused the domino effect, they invaded (pushed into) the Goths, who then invaded (pushed into) the Roman Empire.
2. I'm not so sure</span>
Answer:
Reasons of migration
Persecution because of one's ethnicity, religion, race, politics or culture can push people to leave their country. A major factor is war, conflict, government persecution or there being a significant risk of them.
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