1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kotykmax [81]
3 years ago
14

Predict how the economic changes during the roaring twenties could possible lead to an economic disaster

History
1 answer:
mezya [45]3 years ago
6 0

The Roaring Twenties was a great golden age in America, but ironically, led to its greatest downfall.

Lots of new things became popular among all Americans in the 20's; automobiles, radio, silent movies, etc. People were spending money left and right on these things, and were becoming very materialized. So why am I talking about Americans buying boatloads of stuff they didn't need? Well, this was one of the prime causes of the Great Depression. Americans started buying on margin, or buying with credit; buy now, pay later. People bought so much like this, that they had to borrow lots of money from the banks. As this went on, it built up slowly, and led into buying stocks on margin. This eventually led to the Stock Market Crash of 1929. As people ran to the banks to withdraw all their money, the banks failed, and people lost all their savings in the blink of an eye. Manufacturers soon started producing less and laying off workers as jobs became a demand, and ended up causing the intense unemployment rates throughout the country. And finally, farmers suffered as a massive drought hit the Mississippi Valley in 1930, which created the infamous Dust Bowl.

You might be interested in
All of the following were passed during
Alisiya [41]

Answer: B

Explanation:

3 0
2 years ago
TIME REM
igomit [66]
Roman citizens were divided up into two distinct classes: the plebeians and the patricians. The patricians were the wealthy upper class people. Everyone else was considered a plebeian. The patricians were the ruling class of the early Roman Empire.
8 0
3 years ago
6. Your class visits a local jail run by a private, profit-making company that detains county criminals and is paid with tax rev
Tamiku [17]
- Prisons are supposed to be a public good.  I'm not sure if that's still true if the prison is private.

I say the govt should run prisons  so you prob ought to get input from someone  who says disagrees.

-Companies have a duty to their shareholders to make as much profit as they can. They have no duty to the tax payer.  The part of your taxes that  is allocated for prisons is supposed to pay for the welfare and rehabilitation of prisoners, equipment, salary, and benefits for staff, and the buildings. If the company's taking a profit, that money isn't going toward those items, which increases recidivism rates and overall costs of running the prison.
5 0
3 years ago
Read 2 more answers
What was true of Mycenaean civilization? The Mycenaeans were conquered by the Minoans. The Mycenaeans lived in a remote, isolate
love history [14]

Answer:

Explanation:

The Mycenaeans colonized lands around the Mediterranean.

7 0
3 years ago
Read 2 more answers
Which stock market is the youngest?
Juliette [100K]

Answer:

The youngest stock market out of the three is NASDAQ, being 50 years old

3 0
3 years ago
Other questions:
  • What was the importance of the victories in the West?
    9·2 answers
  • In juvenile cases, the youth’s circumstances are taken into consideration during the ______________ stage of the judicial proces
    11·2 answers
  • James II was executed during the Glorious Revolution. <br> a. True<br> b. False
    11·1 answer
  • What role did Great Britian play in India's history of religious tension
    10·1 answer
  • He doesn't know what side he's on. First he pledged
    10·2 answers
  • How did Cold War change U.S foreign policy?
    7·2 answers
  • Can someone answer these 2 questions?? i’ll give brainliest!!
    5·2 answers
  • Kdo byl prvni Husita
    15·1 answer
  • What is the total number of colored golf balls in ashley´ s collection?
    14·1 answer
  • What role did the south African women play against violation of human rights from 1950s to 1960s​
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!