The British Parliament wanted to expand in India and wanted more control to overhaul the management that the east India company ruled in India. It failed and was replaced by the Pitts India act
The Connecticut Compromise<span> (also known as the </span>Great Compromise<span> of 1787 or Sherman </span>Compromise<span>) was an agreement that both large and small states reached during the Constitutional Convention of 1787 that in part defined the legislative structure and representation that each state would have under the United States
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Answer:
See the explanation below.
Explanation:
Great depression was started in 1929 and it's negative effect lasted till the beginning of 2nd World War. During this period global GDP fell by around 15 percent. It's intensity can be estimated from the fact that during Great recession of 2008-2009 the global GDP fell by around 1 percent only. Great depression was marked by steep in the industrial production and price deflation.
Major causes for the Great depression of 1929:
- Fall of stock market led to loss of confidence in economy which hence reduced the investment and spending.
- Banking panic caused many banks to fail which in result reduced money supply.
- Imposition of steep tariffs on industrial and agricultural caused global trade to shrink.
Result of Great depression was that around 20 percent banks failed by 1933, unemployment rate reached more than 25 percent, Industrial production declined to around 50 percent and GDP fell near to 30 percent.
Recovery of United States economy was majorly led by government spending on social welfare program along with currency devaluation and spending during the 2nd World War.
I hope this will help.
