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alex41 [277]
3 years ago
11

I need help on this question so can anyone help me? The question is Why did Americans feel that the banks were not being fair af

ter the Stock Market crashed?
Social Studies
1 answer:
antiseptic1488 [7]3 years ago
6 0

Explanation:

After the crash, Hoover announced that the economy was fundamentally sound. On the last day of trading in 1929, the New York Stock Exchange held its annual wild and lavish party, complete with confetti, musicians, and illegal alcohol. The U.S. Department of Labor predicted that 1930 would be A splendid employment year. These sentiments were not as baseless as they may seem in hindsight. Historically, markets cycled up and down, and periods of growth were often followed by downturns that corrected themselves. But this time, there was no market correction; rather, the abrupt shock of the crash was followed by an even more devastating depression. Investors, along with the general public, withdrew their money from banks by the thousands, fearing the banks would go under. The more people pulled out their money in bank runs, the closer the banks came to insolvency.

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Summarize the main achievements of the Abbasid Caliphate.
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Achievements of the Abbasid Dynasty

Abbasid Dynasty had many achievements in trade, military, science, astronomy, medicine, and so on.

Trade

Maritime trade through the Persian Gulf increase, trading with Madagascar, China, Korea, and Japan. There was a class of businessmen fulfilling the demand for luxurious goods.

Many Muslim merchants employed ports in Basra, Red Sea, Aden, and Bandar Siraf to trade with India and South East Asia. Land routes were also used to trade in Central Asia.

Military

In Baghdad, many Abbasid military leaders were of Arab descent. In Khorasan, the standing army was mainly Arab. But, the unit among the soldiers was their power. When Abu Muslim recruited officers along the silk road, he registered them based not on their tribal affiliation but their current places of residence.

Abbasids never maintained a large number of the regular army, but they could recruit soldiers in a short time.

They had an array of siege equipment ranging from catapults, mangonels, battering rams, ladders, grappling irons, and hooks.

Science

This period saw the recovery of the Alexandrian mathematical, geometric, and astronomical knowledge. These were enhanced by Persian scientists Al-Biruni and Abu Nasr Mansur.

Jabir Ibn-Hayyan - the "Father of Chemistry" - belongs to Abbasid Dynasty. He also contributed in the achievements of Abbasid Dynasty.

Jabir Ibn-Hayyan – Father of Chemistry

Jabir ibn Hayyan was also from the Abbasid Dynasty who is considered the Father of Chemistry. Algebra was notably developed by Persian scientist Muhammad ibn Musa al-Khwarizmi. The term algorism and algorithm are derived from the name of al-Khwarizmi. He introduced the Arabic numerals and Hindu-Arabic numeral system beyond the Indian subcontinent.

Ibn al-Haytham developed a scientific method and explained in “Book of Optics”. For his works in the field of optics, he was called the “Father of Optics”.

Medicine

During the 9th century, Baghdad had over 800 doctors. They have a great understanding of anatomy and different diseases. They made a clinical distinction between measles and smallpox.

Famous Persian scientist Ibn Sina accumulated the knowledge of different scientists and created encyclopedias – The Canon of Medicine and The Book of Healing.

Astronomy

Al-Battani advanced the Astronomy during this period. He improved the precision of the measurement of the precession of the Earth’s axis.

Technology

The technology of Papermaking and Gunpowder was transmitted from China to the Abbasids. They have an advanced system of irrigation such as windmills. Windmills were one of the inventions by Abbasids.

Sextant is a tool used by navigators of Abbasid Dynasty

Sextant

They had highly developed navigation science. They used advanced tools like a sextant. They were able to sail across the ocean rather than sailing along the coast.

Abbasid Dynasty has a plethora of achievements. They had brought many advanced technologies. Works of scientists of Abbasid Caliphates also helpful in the advancement of mathematics, optics, and so on.

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