The stock market crash in 1929 and banks failures
The correct answer is A) the boom-and-busty cycle of capitalism.
<em>A characteristic of the economic panics in the early 1800s was the boom-and-busty cycle of capitalism.
</em>
The international economy was declining, the domestic economy of the United States was expanding beyond control, cotton prices collapsed, the contrition of credit affected the market, farmers had to pay its loans which resulted in farm forclosures and some Banks went into bankrupcy. That is why a characteristic of the economic panics in the early 1800s was the boom-and-busty cycle of capitalism.
Answer:
English?
Explanation:
can't help If you don't speak english.
