Answer:
British mathematician William Bourne made some of the earliest known plans for a submarine around 1578, but the world’s first working prototype was built in the 17th century by Cornelius Drebbel, a Dutch polymath and inventor in the employ of the British King James I. Drebbel’s sub was probably a modified rowboat coated in greased leather and manned by a team of oarsmen. Sometime around 1620, he used it to dive 15 feet beneath the River Thames during a demonstration witnessed by King James and thousands of astonished Londoners. Unfortunately, none of Drebbel’s plans or engineering drawings has survived to today, so historians can only guess about how his “diving boat” actually operated. Some accounts say it submerged via a collection of bladders or wooden ballast tanks, while others suggest that a sloping bow and a system of weights were used to propel the boat underwater when it was rowed at full speed.
Explanation:
The author included the information about 1920 and 1925 because that was the time the U.S economy expanded rapidly, The Roaring Twenties. Until 1925 there wasn’t legal requirement to separate the operations of commercial and investment banks, the investment banking was consisted of <em>JP Morgan & Co, Kuhn, Loeb & Co, Brown Brothers and Kindder, Peabody & Co</em>. Their funds could be used to fund the underwriting business of the investment baking side.
In 1929 everyone was putting their savings into stocks, not only the wealth part but the poor part too and because of that the stock market reached the peak in August 1929. But than the production declined causing unemployment and with that the stock prices were much higher than their actual value. The economy was struggling, the debt was rising and the banks had and excess of large loans that couldn’t be liquidated.
In the 1930s over 9,000 banks failed because people didn’t trusted them to put their saving. The Great Depression the official unemployment rate was 25% and the stock marked declined 75% since 1929. But in 1933 now with Rooselvet’s administration he took immediate action about the economic woes first announcing that all banks would close, Bank Holiday. The Congress would pass reform legislation and reopen the banks. In “<em>first 100 days</em>” Roosevelt’s administration stabilized the industrial and agricultural production and created jobs and also created the Federal Deposit Insurance Corporation (FDIC) to protect depositors’ accounts and the Securities and Exchange Commission (SEC) to regulate the stock market and prevent what happened in 1929.
The big change between the crises in the 20s and 30s were all about who was in charge, President Hebert Hoover didn’t take much lead about the crises but Roosevelt did.
Answer:
there were two technological innovations that profoundly changed daily life in the 19th century: steam power and electricity. The railroad helped expand the U.S.. The telegraph, the telephone, and the typewriter brought people together that were far away. ... America began producing more steel than England.
Explanation:
Answer:
false they wouldn't have been bcuz lets not forget that British Columbia enslaved Nigerians
