The booming economy led in 1929 to a backlog of business inventories which was three times larger than the year before. As a result a recession began in August 1929, two months before the stock market crash. During this two month period, production declined at an annual rate of
20 percent. This decline resulted in the stock market crash which began October 24, followed by Black Tuesday on October 29. Losses for the month amounted to $16 billion, an astronomical sum in those days.
1932 and 1933 were the worst years of the Great Depression. Industrial stocks lost 80 percent of their value since 1930. 10,000 banks failed , or 40 percent of the 1929 total. GNP fell 31 percent since 1929 and over 13 million Americans lost their jobs between 1929 and 1932. In 1933 unemployment did rise to 24.9 percent.
The desperation of many people and especially veterans from WW I resulted in spectacular events, the most dramatic the so-called Bonus marches in 1932.
Answer:
Britain's debt from the French and Indian War led it to try to consolidate control over its colonies and raise revenue through direct taxation (e.g., Stamp Act, Townshend Acts, Tea Act, and Intolerable Acts), generating tensions between Great Britain and its North American colonies.
Answer: The major difference between the two revolutions was the extent of their respective impacts. While the effects of the 1905 Revolution were limited to Russia, the 1917 revolutions changed the entire world, primarily for the worse.
Explanation:
Answer:
Civil Wars: There were constant civil wars in the Bahamni Kingdom.
Lack of any definite law of succession
Two main groups
Policy of religious fanaticis
Defective foreign police
Excessive power given to provincial governors
Excessive disparity in living style
Explanation:
