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.
Answer:
A. The dutch bought the land
Explanation:
Unions were very effective in shaping political and economic policies. Even though their initial efforts did not have success in the late 19th century, their 20th century efforts changed America forever.
For example, the labor unions were able to get the government to pass laws regarding the 8 hour work day, the outlawing of child labor for kids under the age of 16, and the implementation of health and safety regulations to ensure that factory workers were in suitable conditions. Along with this, there are now federal agencies that to this day, continue to monitor businesses and their activities to ensure that they are not breaking any labor laws or health and safety regulations.
Answer:
A) Cultural relativism is the correct answer.
Explanation:
The idea that a person's values, practices and beliefs should be understood in context of their culture instead of judging them against the criteria of another. Franz Boas was the first person to use it in anthropological research and later his students popularised it, but he didn't coined the term. This term was first used by social theorist Alain Locke in his book Culture and Ethnology
