The Stamp Act Congress of 1765 and the First Continental
Congress of 1774 were two assemblies of legislatures from the American
colonies, assembled in response to taxes enacted by Great Britain. Yet while
the Stamp Act Congress and the concomitant boycott of British goods positively
forced Britain to repeal the Stamp Act, the First Continental Congress happened
during a time of intensified tension between Britain and the colonies and in
its place directly led to the American Revolution.
One of the reasons why some leaders believed that unicameral legislatures created more democratic governments was because bicameral ones often led to gridlock and political hardship.
Black Tuesday hits Wall Street as investors trade 16,410,030 shares on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors, and stock tickers ran hours behind because the machinery could not handle the tremendous volume of trading.
