The first main reason was most of the market was based solely on credit, which was stock that was purchased without actual cash, but purchased on credit.
The second factor was the massive pull out by many investors due to a panic that caused the Banks to attempt to purchase these stocks leading to a complete collapse in the market.
Answer
Basically the pawnbrokers offered secured loans to individuals against personal property.
Explanation
Pawnbrokers are people being an individual or a business or an organisation who offers money as loans to people which is secured with an item or personal property is used as a collateral. whenever you pawn a property or an item it means that you are you are using it as a collatel. And the pawnbroker will agree to give you cash and hold your item until the time you will pay back as per the agreement.
Black Dispatches was a common term used among Union military men in the American Civil War for intelligence on Confederate forces provided by African-Americans. This source of information represented a prolific and productive category of intelligence obtained and acted on by Union forces throughout the Civil War.
Answer: A. United League, GMD, CCP
Explanation:
Tongmenghui or The United League in English was founded in 1905 by Sun Yat-sen and others as a result of a merger between different Chinese revolutionary groups and was formed with the aim of ending the Chinese Empire and initiating a republican government that would be fairer on its people.
The Guomindang (GMD) or Kuomintang as it is popularly known, was the successor to the United League and was originally founded in 1912 by Sun Yat-sen but was dissolved the following year before being reformed in 1919. After being expelled from mainland China in 1949, they took over Taiwan and governed it as a single party state until 1986. They remain a strong opposition party there today.
The CCP or the Chinese Communist Party is the current governing and only main party in the People's Republic of China. Founded in 1921 by Chen Duxiu and Li Dazhao, they endured several hardships under the GMD but under the leadership of Mao Zedong finally won the Chinese Civil War in 1949 and expelled the GMD from mainland China.
