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.
The best answer there, as far as gaining the support of the working class, was that Bismarck offered benefits such as health care. Bismarck was not a socialist, but he recognized that if the German nation did not employ some of the ideas from socialism, the working classes would become a rebellious force within the nation. So he implemented the first program of what we in the USA today would call Social Security. There was a Health Insurance Bill introduced in 1883, an Accident Insurance Bill in 1884, an Old Age and Disability Insurance Bill in 1889, and further protections offered by the state.
Bismarck did also aim to suppress the Catholic Church with measures that were referred to as the Kulturkampf (Culture War). But that was because as a Protestant, he distrusted the loyalty of the Catholics in the German state.
Answer:
wow
Explanation:
thats bigg sorry but i cant help
