Answer:
1.7 Elaborate on a possible obstacle you could encounter in achieving your academic goal as set out in question 1.4. In your response, also indicate...
Explanation:
Economic euphoria in the United States began in the early 1920s, where large companies began to invest in bonds on the stock market. The economy showed an infinite sea of possibilities. Exaggerated consumption, high profits and the whole culture of the American Way of Life. A whole culture built on the pillars of market and consumption.
However, from this growth was projected that crisis that is considered as the largest that Capitalism has ever faced. A systemic crisis, where the hitherto winning capitalist model decays. The economy that largely revolved around stock market speculation, and therefore artificial, thus found its limit and breaks at the time of the "New York Stock Exchange" on October 24, 1929.
The main factors leading to the crash were the result of the economic euphoria itself. The increase in consumption caused industries to increase their production as well, however at some point there was no longer a market for such a large production which caused countless industries to fail because they could not sell their productions.
Another factor of the great crisis was agricultural overproduction. The agricultural market as well as the industries, accompanying the growth of consumption began to produce more than the market could absorb. Mainly wheat production was affected by the downturn in the market.
Answer:
Intergenerational mobility
Explanation:
When a change of socio-economic status takes place in between generations it is known as Intergenerational mobility.
Here, Sarah is from a lower-middle-class family i.e., her parents belongs to the lower-middle-class. Sarah became a doctor with the help of a scholarship. She was earning more than what her parents were earning. So, she moved up to the upper-middle class. This happened between her and her parents generation.
Hence, Sarah's movement is best described as Intergenerational mobility.
Answer:
Explanation:
I do think so because They dont want their kids to feel less than the other kids. They dont want people to gossip about the fact that they need government assistants. Hope this helps
