1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Pachacha [2.7K]
3 years ago
13

URGENT!!

History
1 answer:
trasher [3.6K]3 years ago
7 0

Answer:

The stock market crash on October 24, 1929, marked the beginning of the Great Depression in the United States. The day became known as "Black Thursday," Many factors had led to that moment. World War I, changing American ideas of debt and consumption, and an unregulated stock market all played pivotal roles in the economic collapse.

Explanation:

World War I transformed the United States from a relatively small player on the international stage into a center of global finance. American industry had supported the Allied war effort, resulting in a massive influx of cash into the US economy. As the war interrupted existing global trade relationships, the United States stepped in as the main supplier of goods, including weapons and ammunition. These purchases left European countries deeply in debt to the United States.

After the war, the United States began a period of diplomatic isolation. It enacted and raised tariffs in 1921 and 1922 to bolster American industry and keep foreign products out.

In the 1920s (the “Roaring Twenties”) many American consumers, assuming economic prosperity would continue indefinitely, took on large amounts of personal debt, sometimes at extremely high interest rates. Factories depended on these consumers continuing to purchase their goods.

Finally, the stock market, based on Wall Street in New York City, was loosely regulated. There were few rules to ensure invested money was safe. Speculators began to deliberately manipulate stock prices, buying and selling in order to increase their returns. Only a small number of Americans purchased stock directly, most believing that the market values would continue to increase. Many investors, comfortable with debt, bought stocks “on the margin,” using a small personal investment to pay a portion of the actual share value while borrowing the rest from a bank or other lender. They assumed the stock price would rise and they would be able to repay the balance of the loan from their investment profits. This system worked well, until the stock decreased in value.

You might be interested in
hich battle during the American Revolution boosted colonial morale, even though the victory was reversed a week later? the Battl
RideAnS [48]
Battle Long Island the of Trenton for the victory after years later
7 0
2 years ago
Read 2 more answers
Was Dorothy Good really a witch at only 4 years of age and how if that was true?
natita [175]
I dont believe she was a witch i think it was more like a little store someone made up but i could be wrong
8 0
3 years ago
How was the escarpment in Texas formed?
blondinia [14]
<span>C, Hurricane. Hope that helps.</span>
5 0
2 years ago
Read 2 more answers
Write a paragraph that describes the importance and the results of trade in the Muslim Empire.
Nikitich [7]

This way they can socialize, they can get more stuff to help with stuff like farming, they can learn more. I remember the only bad thing about this is spreading sickness

7 0
3 years ago
Why would you visit a orical
Murrr4er [49]
<span>I am learning right now the new upgrades to Gods and Kings with one in particular. After you build the Oracle you are asked if your Great Person should visit it or just start culcture bomb or golden age. What is the advantage of going to the Oracle and do you just need to be one move next to it. Had difficulty getting my Great Person to explore the Oracle.</span>
7 0
3 years ago
Other questions:
  • How many delegates made up the legislative branch of Creek government?
    6·1 answer
  • If Silas owns a large plantation in Virginia where he grows cash crops, why might he be excited about Andrew Jackson’s successfu
    7·1 answer
  • The map shows ancient river valley civilizations. Map of river valley civilizations. Land near the Nile River is labeled A. Land
    5·2 answers
  • God kept his promise to send the holy spirit. with the holy spirit's help, jesus' disciples could begin their work to share the
    5·1 answer
  • In Lincoln’s Second Inaugural Address, he says “with malice toward none, with charity for all…” What does this quote reveal abou
    11·2 answers
  • How come presidents only get to run to terms
    14·1 answer
  • Look at the chart below, which shows railroad growth in different areas of the country.
    5·2 answers
  • The majority of state tax revenue comes from
    6·1 answer
  • A homeless man is accused of robbing a convenience store.
    8·2 answers
  • In greek mythology what is the relationship between zeus and hermes.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!