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
Olin [163]
4 years ago
15

Cause that personal debt impacted the great depression

History
2 answers:
Svetlanka [38]4 years ago
6 0
Because when people go into debt they can't pay for thing and that messes up the business cycle because people file for bankruotys and the unemmoymet rate goes up and people buy less stuff and businesses go out of buisness.
ahrayia [7]4 years ago
3 0
What happened was that there were people ( quite honestly not a great percentage) who invested their money into stocks. They would take out loans for investing in stocks. When the stock market crashed, people started to get their money out of the banks. Obviously the banking system isn’t at all like to day, so the more people started pulling money out the less money the banks had, which ended up causing a major outrage, people who’s money that was in the bank is now gone, and they have no way to get it. The banks weren’t attached to the government with a flow of cash going into the bank every now and then, so they literally all ran out of money. Which means people with money in the bank have no money to get. Which lead to our economy declining into the Great Depression
You might be interested in
What can eyewitness testimonies tell us about the Holocaust that textbooks cannot?
nexus9112 [7]
What the afterlife looks like.
8 0
3 years ago
Why has there not been a successful new American auto manufacturing firm formed in over 80 years?
White raven [17]
The answer is A because gathering financial capital these days can be rough
8 0
4 years ago
How have the Spanish and Native American cultures been mixed in the religion of Central America?
Verdich [7]

Answer:

Originally Answered: Why did the Spanish mix so much with the natives ? The most common way to get to the Americas from any European nation then was to sell yourself into bond slavery. Few women came because men couldn't afford to pay their way.

Explanation:

4 0
3 years ago
Can you please write 11-20 facts about the GETTYBURG ADRESS
netineya [11]
Fact 1: The text of the Gettysburg Address is carved into stone on the south wall of the Lincoln Memorial in Washington, D.C.,

Fact 2: There are approx 270 words in the Gettysburg Address and it took just over 2 minutes to deliver

Fact 3: The reason for the speech was the dedication of the national cemetery in Gettysburg, Pennsylvania

Fact 4: When was the Gettysburg Address? The speech was given by President Abraham Lincoln on November, 19, 1863

Fact 5: Who wrote the Gettysburg Address? Abraham Lincoln

Fact 6: What is the Gettysburg Address? The name of a world famous speech delivered by Abraham Lincoln to honor those who had died at the Battle of Gettysburg during which Confederate General Robert E. Lee and his forces were defeated by Union forces led by General George Meade.

Fact 7: The Civil War was at its height when the speech was made, and less than six moths after the Battle of Gettysburg (June 27–July 4, 1863). There were approximately 94,000 Union soldiers and 72,000 Confederates who fought at Gettysburg

Fact 8: The speech was made in honor of the Union troops who had fallen on the battlefield - 3,155 soldiers were killed and 14,531 wounded fighting for the Union. (a further 4,708 killed soldiers were killed and 12,693 wounded fighting for the Confederacy)

Fact 9: The speech reflected the ideals and principles of equality, freedom and democracy and made reference to the past, present and future of the nation

Fact 10: The speech followed the Emancipation Proclamation which was made on January 1, 1863

6 0
3 years ago
Why would china have been far more likely than european nations to become a colonial power up until 1433?"?
Leviafan [203]

During the time of the Tang Dynasty in the 600's AD China could have become a major colonizer of western hemisphere due to their strong hold on ship building and navigational technologies. They had a huge manpower and all the resources, still they chose to not colonize the world. By 1400's China had tremendous maritime technologies and had enormous fleets at hand for their several voyage expeditions that took place till 1433, but they did not colonize the world as it was against the nature of the historical Chinese states to not explore, to not colonize or to not expand outside its sphere of influence in East Asia.

6 0
4 years ago
Other questions:
  • What was the Wilmot Proviso? Why was it so controversial?
    9·1 answer
  • What is the rule of Shiva hindu god
    9·2 answers
  • What did Captain John require of colonists at Jamestown
    9·1 answer
  • When did world war 2 start
    12·2 answers
  • How did divisions in within the Aztec and Incan empires help the Spanish?
    12·1 answer
  • Which predator is typically found in Central Africa (but occasionally at geocode 34.043021, -118.2668356) and slays its opponent
    8·1 answer
  • Many colonial settlements were founded near the mouths of rivers because
    13·1 answer
  • What happened to the RMMV Oceanic of White Star Line?
    11·1 answer
  • On which planet we live????​
    8·2 answers
  • to what extent does the annexation of texas impact the abolition movement and slavery expansion debate in the untied states in 1
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!