The depression in the 1930s was caused by excess expansion of creditduring the 1920s. This over extension by banks caused an unnatural disequilibrium in the money markets that initially caused a boom then a bust. Booms are sure signs of impeding busts when fueled by loseeasy credit.
B. the Peloponnesian War.
D. In the African country of Sudan
The rule of law is important for democratic forms of government because if the law is the highest rule, then it applies equally to all, which makes all people equals in the eyes of law, which is the highest form of democracy. All people, regardless of looks or social backgrounds are responsible for things in the same way.
Answer:
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Explanation:
The United States had piled up a huge national debt during the American Revolution. But since the federal government could not collect taxes, it was unable to pay the debt and put the country on a sound economic footing. The government even lacked the means for raising money to provide for the National Defence.
