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Stock Market Crash of 1929
Workers flood the streets in a panic following the Black Tuesday stock market crash on Wall Street, New York City, 1929
Hulton Archive/Archive Photos/Getty Images
Remembered today as "Black Tuesday," the stock market crash of October 29, 1929, was neither the sole cause of the Great Depression nor the first crash that month. The market, which had reached record highs that very summer, had begun to decline in September.
On Thursday, October 24, the market plunged at the opening bell, causing a panic. Though investors managed to halt the slide, just five days later on "Black Tuesday" the market crashed, losing 12 percent of its value and wiping out $14 billion of investments. Two months later, stockholders had lost more than $40 billion dollars. Even though the stock market regained some of its losses by the end of 1930, the economy was devastated. America truly entered what is called the Great Depression.
When the Japanese empire was dismantled at the end of World War Two, Korea fell victim to the Cold War. It was divided into two spheres of influence along the 38th parallel. The Americans controlled south of the line - the Russians installed a communist regime in the north, later ceding influence to China.
<span>1. a powerful and centralized government
2. the development of written language
3. simple art that depicts daily life
All the above points can be considered as the major characteristics of a true civilization.
And Organized religion, Job specialization and social class, Architecture and infrastructure are some other features of a true civilization.</span>
Answer:
The economies of most European nations were in very poor shape
Explanation:
At the end of the war, millions of people were dead and millions more homeless, the European economy had collapsed, and much of the European industrial infrastructure had been destroyed. The Soviet Union, too, had been heavily affected.
