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Bumek [7]
3 years ago
13

During the early 1870s, the nation suffered an economic .

History
2 answers:
Nataly_w [17]3 years ago
7 0
<span>During the early 1870s, the nation suffered an economic Crisis.
</span>

This was also know as the Panic of 1873 which started from Vienna, the capital of the Austro-Hungarian capital.

The Panic turned into a recession which spread all over the Austro-Hungarian Empire and eventually the whole of Europe.


The United States which at this time, was dependent on Europe for much of trade quickly got caught in the turmoil.


It was considered the greatest recession in US history until it was overtaken by the Great Depression.

PSYCHO15rus [73]3 years ago
3 0

I know im late but i just did the quiz and the correct answer is depression

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Did the Fugitive Slave Act of 1850 expand slavery or threaten its future?
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Between 1915 and 1917, how did the strategies the Germans used at sea differ from those of the Allied Powers?
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Why did the United States break its policy of isolationism in reference to Cuba
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what statement best describes the governmental relationship with england established in the middle colonies?
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During the early part of the seventeenth century, the English focused on developing their colonies in New England and the Chesapeake, thereby largely neglecting the land between the two settlements. So, the Dutch and the Swedes began to settle the mid-Atlantic region along the Hudson and Delaware Rivers. After the Restoration, Charles II and James II hoped to build the power of the English monarchy by expanding their overseas empire at the expense of the Dutch. By the early 1680s, the English had turned New Netherland into several proprietary colonies, including New York, New Jersey, Pennsylvania, and Delaware. In the years after the English takeover, the middle colonies became the most diverse and fastest-growing region in North America.

5.4.1 The Dutch in the New World

After the Dutch asserted their independence from Spain in the late sixteenth century, the Netherlands set up a republican government. Unlike other European nations at the time, the Dutch allowed both intellectual and religious freedom. Soon, dissidents from other countries flocked to the tiny nation along the North Sea. The liberal government, coupled with the immigration, made the country a powerful force in Europe as well as in the race for overseas empire. The Dutch also expanded their navy in an attempt to attack Spanish and Portuguese trade. After the founding of the Dutch East India Company (DEIC), the Dutch became the primary shippers of spices from Asia, slaves from Africa, and sugar from the Americas.

Initially, the Netherlands focused on establishing its control over the carrying trade. Like the other sea powers, it hoped to find an alternate route to Far Eastern markets. In 1609, the DEIC sent Henry Hudson to the New World to find the Northwest Passage. Hudson sailed into the Delaware Bay and the North River, known later as the Hudson River. He realized, of course, that neither inlet was the Northwest Passage, but he recorded the possibilities for fur trading and farming. Hudson also established a friendly relationship with the Iroquois Nations. Following these discoveries, the DEIC sent several expeditions to explore the land and trade with the Iroquois. Dutch merchants also persuaded the government to charter the New Netherland Company to handle the fur trade.

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