Great Depression was mostly experienced by most of the countries in the period of 1930. It had demoralizing effects on the economy by dropping levels of the Gross Domestic Product. The personal income, tax revenue had hit the lowest level in the nation.
Giving Over extension of loans by the banks in order to cope the depression was the erroneous federal policy at the time of depression. It also resulted in various other impacts such as people were unable to pay off the loans. This financial disruption made the banks to close.
This led to stocking of money by the people that resulted in the stagnation of the money flow and the loss of confidence to lend and borrow money. This also reduced the value of money causing disequilibrium in the economy.
Explanation:
textile industry
Textiles were the dominant industry of the Industrial Revolution in terms of employment, value of output and capital invested. The textile industry was also the first to use modern production methods. The Industrial Revolution began in Great Britain, and many of the technological innovations were of British origin.
Hey sorry I need some context where exactly are we talking about? Here in America? The 13 colonies? Or is it somewhere else. If your talking about the 13 colonies then the New England colonies would be more industrial. With boat making and things like that they produced spot of material goods. But the bread basket colonies and south of them were really about crops. Virginia, North and South Carolina, and Georgia were called the bread basket colonies because the would produce food goods. They didn’t manufacture anything really. In the north it was to cold to plant crops but in the south it was pretty good so their crops flourished. I hope this helps ♀️
It’s A: Locke Explanation:I learned about dude every year since 5th grade
