C.) Puerto Rico, Guam, and the Philippines
The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from 1929 to 1939. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers. By 1933, when the Great Depression reached its lowest point, some 15 million Americans were unemployed and nearly half the country’s banks had failed.
The people of India and Indochina sought independence from their European colonial overlords in the middle of the 20th century due to nationalist feelings.
What is nationalism?
Promoting the interests of a specific nation is the concept of nationalism. A movement for independence is frequently sparked by a deep sense of national pride.
Gandhi convinced the Indian National Congress to engage in nonviolent protests by forbidding the purchase of British products and defying taxation. Indian nationalists numbered in the millions. India was awarded independence by the UK.
Hence, the significance of the nationalism is aforementioned.
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The government securities that are used in open market operations<span> are Treasury bills, bonds and notes.... Therefore, if the FOMC wants to decrease the </span>money supply<span>, it will sell securities. To </span>increase the money supply<span> in the </span>market<span>, the FOMC will purchase securities from banks.</span>
