Most of the signs of prosperity that were misleading involved credit. There were so many consumer goods that had never been around before, and people bought a lot of them with credit, meaning they did not actually have the money. "Buying on the Margin" was the main cause of all this and led to the Great Depression. Before the stock market crash in 1929, around 90% of stocks people owned were bought with borrowed money. In short, people used way too much credit, meaning they had a lot of items signifying wealth, but they did not have the money to pay back banks, stock brokers, etc... much like modern day credit cards.
Answer:
It is the Boston Tea Party
The correct answer is A. <span>Swann v. Charlotte-Mecklenburg</span>
The social structure in Renaissance Italian states is:
- The nobles,
- merchants,
- middle class
- lower class
The political structure in Renaissance Italian states included:
- The rise of strong governments
- A shift towards an urban economy
- The use of commerce rather than agriculture.
<h3>What is Renaissance?</h3>
This refers to the period in history that saw the revival of European art and literature under the influence of classical models in the 14th–16th centuries.
Hence, we can see that the social structure in Renaissance Italian states is:
- The nobles,
- merchants,
- middle class
- lower class
Read more about Renaissance here:
brainly.com/question/879750
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Answer:
GDP declines, and unemployment rates rise because companies lay off workers to reduce costs. At the microeconomic level, firms experience declining margins during a recession. When revenue, whether from sales or investment, declines, firms look to cut their least-efficient activities.
