Except for the king, every noble in a feudal society served as a <u>vassal </u>to a higher noble. The vassal in medieval Europe, was a man who was granted land in exchange for service and loyalty to an older man or is more important. They made a feudal contract that was an exchange of promises between lords and vassals. In feudal society was the monarch, then the powerful lords who had vassals.
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In the United States, where the Depression was generally worst, industrial production between 1929 and 1933 fell by nearly 47 percent, gross domestic product (GDP) declined by 30 percent, and unemployment reached more than 20 percent.
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Social Darwinism and American Laissez-faire Capitalism British philosopher Herbert Spencer went a step beyond Darwin's theory of evolution and applied it to the development of human society. In the late 1800s, many Americans enthusiastically embraced Spencer's "Social Darwinism" to justify laissez-faire, or unrestricted, capitalism.
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