The Great Depression was a period of unprecedented decline in economic activity. It is generally agreed to have occurred between 1929 and 1939. Although parts of the economy had begun to recover by 1936, high unemployment persisted until the Second World War.
<span>The 1920s witnessed an economic boom in the US (typified by Ford Motor cars, which made a car within the grasp of ordinary workers for the first time). Industrial output expanded very rapidly. Sales were often promoted through buying on credit. However, by early 1929, the steam had gone out of the economy and output was beginning to fall.The stock market had boomed to record levels. Price to earning ratios were above historical averages.The US Agricultural sector had been in recession for many more years<span>The UK economy had been experiencing deflation and high unemployment for much of the 1920s. This was mainly due to the cost of the first world war and attempting to rejoin the Gold standard at a pre world war 1 rate. This meant Sterling was overvalued causing lower exports and slower growth. The US tried to help the UK stay in the gold standard. That meant inflating the US economy, which contributed to the credit boom of the 1920s.
</span></span>During September and October a few firms posted disappointing results causing share prices to fall. On October 28th (Black Monday), the decline in prices turned into a crash has share prices fell 13%. Panic spread throughout the stock exchange as people sought to unload their shares. On Tuesday there was another collapse in prices known as 'Black Tuesday'. Although shares recovered a little in 1930, confidence had evaporated and problems spread to the rest of the financial system. Share prices would fall even more in 1932 as the depression deepened. By 1932, The stock market fell 89% from its September 1929 peak. It was at a level not seen since the nineteenth century.
<span>Falling share prices caused a collapse in confidence and consumer wealth. Spending fell and the decline in confidence precipitated a desire for savers to withdraw money from their banks.</span>
For decades prior to the Prohibition (i.e., the legal ban of alcoholic drinks) made possible by the Eighteen Amendment, different Christian churches and organizations had been objecting to the consumption of alcohol since they considered it as the source of most debauchery and moral decadence. Their goal was made clear to the federal government: alcohol should be completely banned in order to clean society up. An excise tax on alcohol would have been rejected by all the moralistic groups advocating for prohibition as a mild and ineffective measure
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During the era of imperialism, empires would experience resistance and rebellion because the conditions that many were put after being imperialized were undesirable and so resistance helped gain freedom from that imperial rule. One basic example of this was the american revolution. Since British rule wasn’t giving the colonists of America the freedoms they deserved, they decided to start a revolution so that they could thrive in their new home. This inspired many more revolutions to start, due to the oppression that many people faced under European rule, such as the French Revolution, the Haitian Revolution, Latin American Revolutions, and the Taiping rebellion. As a result of these revolutions, many new nations were formed and more ideas of what life should be like in the modern world started to emerge. Politics developed in the U.S to form new ways of government, more trade between countries resulted from growth in the industry, and many technologies were being improved because of the need for more and more products in the industrial age.
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When asked which is the greatest commandment, Jesus replied,
"Thou shalt love the Lord thy God with all thy heart, and with all thy soul, and with all thy mind. This is the first and greatest commandment. And the second is like unto it. Thou shalt love thy neighbour as thyself. On these two commandments hang all the law and the prophets." (Mt 22:37-40)
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