The years prior to 1929 were affluent and optimistic; there was a general belief that stock markets would continue to grow indefinitely, and speculation was rampant. Nevertheless, this was not the case, and a great economic crash occurred in October 29, 1929, also known as Black Tuesday. Billions of dollars were lost. It marked the beginning of the great economic downfall known as “The Great Depression”, that lasted until 1939.The president of the United States, Franklin D. Roosevelt, created multiple agencies and promoted public policies to address the problem of poverty and unemployment. To sum up, there was an initial era of total deregulation (the 20s), followed by a great economic depression, which led to interventionist policies and the final recovery of the American economy.
Answer:
Since entrepreneurs were usually rich businessmen, they used their money to invest in new inventions. These new inventions created break throughs in the industrial revolution, causing the entrepreneurs to get richer, and invest in other new inventions.
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<span>Assuming that this is referring to the same list of options that was posted before with this question, the best option is "public finance" since this is done at the federal level.</span>
Answer:
Indulgences and Overpower in Clergy
Explanation:
Indulgences where essentially a get out of hell jail free card, and how you can pay to be forgiven for your sins.
Overpower in Clergy would consist of how much power and influence the Catholic Church would have on monarchial affairs. The Catholic Church would influence monarchies and made far too much money. It can be observed the Catholic Church was very affulent.
The protestant Northern Europe tended to dislike the Southern Catholic states.
