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Stock Market Crash of 1929
Workers flood the streets in a panic following the Black Tuesday stock market crash on Wall Street, New York City, 1929
Hulton Archive/Archive Photos/Getty Images
Remembered today as "Black Tuesday," the stock market crash of October 29, 1929, was neither the sole cause of the Great Depression nor the first crash that month. The market, which had reached record highs that very summer, had begun to decline in September.
On Thursday, October 24, the market plunged at the opening bell, causing a panic. Though investors managed to halt the slide, just five days later on "Black Tuesday" the market crashed, losing 12 percent of its value and wiping out $14 billion of investments. Two months later, stockholders had lost more than $40 billion dollars. Even though the stock market regained some of its losses by the end of 1930, the economy was devastated. America truly entered what is called the Great Depression.
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11th Amendment- The Judicial power of the United States shall not be construed to extend to any suit in law or equity, commenced or prosecuted against one of the United States by Citizens of another State, or by Citizens or Subjects of any Foreign State.
This amendment established the legal doctrine of "sovereign immunity", which protects government entities or officers acting in their official capacity from being sued over the performance of their duties. It was adopted in 1795 in response to a 1793 U.S. Supreme Court case, Chisholm v. Georgia.
12th Amendment- This lengthy amendment, adopted in 1804, revised the procedures for using the Electoral College to elect the President and Vice-President. Its impact has mainly been political - it affects the required qualifications of presidential and vice-presidential candidates.
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Answer: Regulation big business
Protecting working children and limit working hours
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