Answer:
In the 1920s, Nebraska and the nation as a whole had a lot of banks. At the beginning of the 20s, Nebraska had 1.3 million people and there was one bank for every 1,000 people. Every small town had a bank or two struggling to take in deposits and loan out money to farmers and businesses.
As the economic depression deepened in the early 30s, and as farmers had less and less money to spend in town, banks began to fail at alarming rates. During the 20s, there was an average of 70 banks failing each year nationally. After the crash during the first 10 months of 1930, 744 banks failed – 10 times as many. In all, 9,000 banks failed during the decade of the 30s. It's estimated that 4,000 banks failed during the one year of 1933 alone. By 1933, depositors saw $140 billion disappear through bank failures.
Video Interview Walter SchmittGresham, Nebraska, had two banks – one too many for that small town. The bank in danger of failure merged with the other. Gresham resident Walter Schmitt (right) remembers the deadly consequences for the owner of the failed bank.
When a new president, Franklin Delano Roosevelt was inaugurated in March 1933, banks in all 48 states had either closed or had placed restriction
Explanation:
Answer:
common trade regulations
free movement of capital and labor
free movement of goods
Explanation:
The first alternative is correct (A).
<u>The investment rate is an accounting identity that reflects the percentage of investment in the product of an economy.</u> It is, therefore, a measure that is strongly associated with the performance of the economy. At times when the investment rate is high, production is high. The reverse is true.
The graph shows that in a downturn in investment, reflecting the 2008 crisis, the economy shrank in 2009. As the investment rate recovered, the economy followed the same path.
In other words, we can say that investment is an important economic indicator.
Answer:
In the summer of 1789, the "Great Fear" swept France. Fearful nobles in the <u>National Assembly</u> were forced to pass many reforms.
Explanation:
The passed reforms included;
Feudalism destruction
Feudal dues abolition
Feudal tithes abolition
Taxes for the nobles
Access for all male citizens into the army, government, church offices
The Declaration of Rights of Man and of Citizen was also composed in accordance with the demands of the reformers.
The reforms and the declaration documents where rejected by king Louis XVI as such he was in disagreement with the National Assembly.
Answer:
This system was called as a factory system and was a part of the industrial revolution in the United States.
Explanation:
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