Due to the fall in the stock market, there has been a decrease in consumer spending and investments. This was caused by a steep decline in industrial production and a rise in unemployment due to failed companies that fired their workers. After the fall in the first 10 months of 1930, 744 banks collapsed - 10 times more. In all, 9,000 banks collapsed during the decade of the 1930s. It is estimated that 4,000 banks failed only during one year in 1933. Until 1933, depositors lost $ 140 billion due to the failure of banks. This is too simplified to find out the decline in stock trading as a unique cause of the Great Depression. However, in 1932, when the country collapsed in the depths of the Great Depression and about 15 million people (more than 20% of the American population at that time) was unemployed.
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ISIS :-</u></h3>
ISIS is a universal threat, making strange bedfellows of US, Russia, EU and Iran. But there is no unified approach to combat the group. Saudi Arabia has formed a coalition of 34 largely Muslim nations to fight terrorism, as the main gate for ISIS fighters to go into Syria, which could be pivotal.
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<u>Refugee Crisis :-</u></h3>
Three million Syrians have fled to Turkey, Lebanon, Jordan and Iraq, another 6.5 million displaced in the country. The EU, ideologically divided over how to handle the crisis, is bearing the brunt of refugee migration. Turkey, Greece, Bulgaria, Macedonia and Hungary have built anti-immigrant fences on their borders.
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<u>Volatile Oil Prices :-</u></h3>
Oil trading has becoming more volatile due to growing tension between two, big OPEC players, pushing already slumped prices lower. Saudi's newly severed ties with Iran have destabilized a political situation that will further complicate oil outlook.
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<u>Iranian-Saudi Tension :-</u></h3>
Saudi Arabia executed a dissident Shia Imam by sending out regional shockwaves and inciting violent reaction in Shia-dominated Iran. KSA then severed diplomatic and commercial ties with Iran; Gulf nations followed suit.
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Answer:
President Jackson and other political leaders wanted to open this land to settlements by American farmers.