The Great Depression was a period of unprecedented decline in economic activity. It is generally agreed to have occurred between 1929 and 1939. Although parts of the economy had begun to recover by 1936, high unemployment persisted until the Second World War.
<span>The 1920s witnessed an economic boom in the US (typified by Ford Motor cars, which made a car within the grasp of ordinary workers for the first time). Industrial output expanded very rapidly. Sales were often promoted through buying on credit. However, by early 1929, the steam had gone out of the economy and output was beginning to fall.The stock market had boomed to record levels. Price to earning ratios were above historical averages.The US Agricultural sector had been in recession for many more years<span>The UK economy had been experiencing deflation and high unemployment for much of the 1920s. This was mainly due to the cost of the first world war and attempting to rejoin the Gold standard at a pre world war 1 rate. This meant Sterling was overvalued causing lower exports and slower growth. The US tried to help the UK stay in the gold standard. That meant inflating the US economy, which contributed to the credit boom of the 1920s.
</span></span>During September and October a few firms posted disappointing results causing share prices to fall. On October 28th (Black Monday), the decline in prices turned into a crash has share prices fell 13%. Panic spread throughout the stock exchange as people sought to unload their shares. On Tuesday there was another collapse in prices known as 'Black Tuesday'. Although shares recovered a little in 1930, confidence had evaporated and problems spread to the rest of the financial system. Share prices would fall even more in 1932 as the depression deepened. By 1932, The stock market fell 89% from its September 1929 peak. It was at a level not seen since the nineteenth century.
<span>Falling share prices caused a collapse in confidence and consumer wealth. Spending fell and the decline in confidence precipitated a desire for savers to withdraw money from their banks.</span>
Answer:
great success due to his ability to use his personal charisma to appeal directly to the American people in support of his legislative program
Explanation:
During the J.F Kennedy as the Presidemt of the United States between the year 1961 to 1963 before his assassination, he pursued New Frontier domestic policy, in which he experienced "great success due to his ability to use his personal charisma to appeal directly to the American people in support of his legislative program"
This is evident in the fact that President J.F. Kennedy was widely accepted and loved for his personality by the Americans
Answer:
At the same time, nations saw trade as a way of increasing their wealth. Merchants dreamed of new sources for goods such as gold and spices. ... They wanted to trade directly with Africa and Asia, but this meant that they had to find a new sea route.
Explanation:
I believe the answer is D. <span>It united many different European kingdoms under a shared religious culture.
When roman empire falls, the fragments of what used to be territories formed their own kingdom/Governance.
and even though the kingdoms/governance are now separated, they still held into their religious Christian traditions as some sort of guidance in their life</span>
A)He placed warships around Panama to block sea lanes.
Explanation:
- Using the excuse that the rumors are true that Nicaragua intends to invade northern Panama, the official Bogotá sends a military battalion, which is not only slowed down to Panama City thanks to the leadership of the Panamanian railway, but also to the command of the separatists.
- However, the troops of the Revolutionary Junta were under the watchful eye of the USS Nashville, commanded by John Hubbard, who helped bring Colombian troops to Panama later.
- Colombia proclaims independence from Colombia on November 3, 1903, and a day later Demetrio Brid, president of the Panama Self-governing Council, becomes the de facto president of the independent state, with Gerera as Panama's first constitutional president next year.
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