Answer: There was a two-year post–World War I recession immediately following the end of the war, complicating the absorption of millions of veterans into the economy. The economy started to grow, but it had not yet completed all the adjustments in shifting from a wartime to a peacetime economy. Factors identified as contributing to the downturn include returning troops, which created a surge in the civilian labor force and problems in absorbing the veterans; a decline in labor union strife; changes in fiscal and monetary policy; and changes in price expectations. The recession lasted from January 1920 to July 1921, or 18 months, according to the National Bureau of Economic Research. This was longer than most post–World War I recessions, but was shorter than recessions of 1910–12 and 1913–1914 (24 and 23 months respectively). It was significantly shorter than the Great Depression (132 months). Estimates for the decline in Gross National Product also vary. The U.S. Department of Commerce estimates that GNP declined 6.9%, Nathan Balke and Robert J. Gordon estimate a decline of 3.5%, and Christina Romer estimates a decline of 2.4%. There is no formal definition of economic depression, but two informal rules are a 10% decline in GDP or a recession lasting more than three years, and the unemployment rate climbing above 10%.
The term in question is Rust Belt.
Explanation:
During the 1970's and 1980's the economic landscape was rapidly changing, with some industries experiencing downfall, while new ones were on the rise. This caused bug economic problems in some parts of the United States, and the economic problems caused job losses and population losses. It seemed that some areas of the country fall apart, so the people started moving out to look for better opportunities.
The areas, roughly stretching as a belt, got the name Rust Belt. The term is derogatory itself, and the ''Rust'' is symbolism for the collapsing industrial objects that were left to rust. Numerous industrial centers lost their status and power, while others benefited from this situation, so there was big shift in economic power in this region. The states that were mostly affected by this were:
- West Virginia
- Pennsylvania
- New York
- Michigan
- Illinois
- Iowa
- Indiana
- Ohio
- Wisconsin
Learn more about the industries in the United States brainly.com/question/10452885
#learnwithBrainly
<u>Answer:</u>
Better seeds is the characteristics that early people control in order for agriculture to expand.
Option: (D)
<u>Explanation:</u>
- For the agriculture to expand the major thing is the seeds. Only when the seeds are good, the product appears to be good.
- So, by improving the access to water, clay or any other aspects the agriculture won’t expand unless the seed is good for the production.
- This method of applying the better seeds for good agricultural product was used by early people rather than seeking for good access to water and clay.
<span>D.setting a specific amount of time for achieving your goals</span>
