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joja [24]
3 years ago
11

What were the causes and consequences of the wall street crash??

History
1 answer:
goblinko [34]3 years ago
8 0
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.

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1802 health and morals of apprentices act
kolbaska11 [484]

You seem to be looking for some information/explanation. I'll provide that.

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Background and detail:

It had been the practice of many factory owners to employ orphans and children from very poor families in their factories, calling them "apprentices."  They did not pay the children in wages. They could get by providing only lodging and food for them.  The conditions in factories for the children were harsh and awful.   Many children got sick and died.

Meanwhile, Robert Owen was pioneering new ideas for working together at the  New Lanark, Scotland, cotton mill that he managed.  Owen's was one of the pioneers of socialist theory.  He strongly favored better working conditions, and influenced Prime Minister Robert Peel to put the Health and Morals of Apprentices Act through Parliament in 1802.  The Act put into law the following rules for factories and child labor:

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8 0
3 years ago
why is the Hebrew insistence on monotheism an important turning point in the history of Mediterranean religions?
Phantasy [73]
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allochka39001 [22]
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nikitadnepr [17]

The answer is D) "The Federal Budget is usually  unbalanced." Just took the test and got it wrong so that's fun and fresh but this is the right answer, hope this helps.

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Read 2 more answers
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