<span>The Panic was the worst economic crisis to hit the nation in its history to that point. Economic historians are not certain what caused it but point to several possible factors. First, too many people attempted to redeem silver notes for gold; ultimately the statutory limit for the minimum amount of gold in federal reserves was reached and U.S. Notes could no longer be successfully redeemed for gold. Next, the Philadelphia and Reading Railroad went bankrupt. Then, the National Cordage Company (the most actively traded stock at the time) went into receivership as a result of its bankers calling their loans in response to rumors regarding the NCC's financial distress. A series of bank failures followed, and the price of silver fell. The Northern Pacific Railway, the Union Pacific Railroad and the Atchison, Topeka & Santa Fe Railroad all failed. This was followed by the bankruptcy of many other companies; in total over 15,000 companies and 500 banks failed (many in the west). About 12%-18% of the workforce was unemployed at the Panic's peak.
hope this makes sense</span>
The correct answer to this open question is the following.
The dates associated with the industrial revolution are the following. The Industrial Revolution is considered to be started in 1750 and ended in 1914. We have to consider that there were two periods that historians mark as the First Industrial Revolution and the Second Industrial Revolution. During the first period (1750-1850), industries manufactured more raw materials and natural resources. During the second period (1850-1914), industries focused on different goods such as soil and steel.
Answer:
Use of machinery with the division of labour reduced the required skill level of workers and also increased the output per worker. The factory system was first adopted in Britain at the beginning of the Industrial Revolution in the late eighteenth century and later spread around the world.
Explanation:
<span>The nineteenth amendment gave women the right to vote in the year 1920</span>
