During Hoover's administration, the stock market collapsed. This was such a huge deal because people were borrowing money from the banks and putting in stock market. When the collapse occurred people were unable to repay the banks the money they took out, the banks failed.
In economics there are four different types of market structures. They are as followed:
1) Perfect competition- This allows for businesses to compete against each other for consumers.
2) Monopoly- This is when one business or corporation corners a market. This occurs when a business is the only supplier of a good/service.
3) Oligopoly- This is when a small amount of businesses control a market/product.
4) Imperfect competition
In your question then, the correct answers are : Monopoly, perfect competition, and oligopoly.
Answer:Local color emphasizes the characters, natural features, and culture of a particular region. Writers of this type of literature often explore universal themes.
Explanation:
Barbarians destroyed a lot of the documentation in 390BC, Historians now are left to piece the puzzle and grasp an understanding based on the evidence left
European goods, ideas, and diseases shaped the changing continent. As Europeans established their colonies, their societies also became segmented and divided along religious and racial lines. Most people in these societies were not free; they labored as servants or slaves, doing the work required to produce wealth for others.
Explanation:
