Financial experts warned the public the the American Economy is slowing down. With this warning in mind, investors started selling their shares in large numbers in September 1929. By 24th October 1929, 12.8 million shares were sold and another 16 million shares were sold at a very low price on 29th October 1929. The panic selling of shares lead to the collapse of the stock market in New York.
The aftermath of the wall street crash was very disastrous. Investors lost their money and was not able to pay off their debts. Many banks closed, leaving their depositors with no money nor hope for the future. Ordinary people lost their means to buy foods and other basic needs like shelter and clothes. Companies have to downsize resulting to firing of redundant workers and lowering the wages of the remaining workers. Unemployment rose to very high level.
The Wall Street Crash led to the beginning of the Great Depression in the 1930s.
i think its socialism hope its correct
Answer:
The Colombian Exchange impacted the social and cultural makeup of both sides of the Atlantic. Hope this helps!!
Explanation:
Answer:
Reactions to the New Deal. The Supreme Court has the power to decide if the president is acting constitutionally. ... In 1937 Roosevelt decided to prevent the Supreme Court from blocking his policies in the future by increasing the number of justices from nine to fifteen.
Explanation:
C) Increased British debt is your answer
War costs a lot, and to pay off their war debt, the British government would have to raise taxes. However, the people living in Great Britain already had a large tax burden, so the British government decided to raise taxes in the less-taxed colonies in an effort to make ends meet.
hope this helps
