Great Depression was mostly experienced by most of the countries in the period of 1930. It had demoralizing effects on the economy by dropping levels of the Gross Domestic Product. The personal income, tax revenue had hit the lowest level in the nation.
Giving Over extension of loans by the banks in order to cope the depression was the erroneous federal policy at the time of depression. It also resulted in various other impacts such as people were unable to pay off the loans. This financial disruption made the banks to close.
This led to stocking of money by the people that resulted in the stagnation of the money flow and the loss of confidence to lend and borrow money. This also reduced the value of money causing disequilibrium in the economy.
Answer:
Event: First Olympiad
Date/Year: 776 BCE
Explanation:
The first Olympiad was conducted in 776BCE in honour of Zeus, the major sporting events are footrace, a javelin contest, and later wrestling matches were added.
Based on legend, the founder of the Olympic Games was Herakles (Hercules). Olympiad now known as Olympic in English language, is now a big events, in which all the countries in the world participated andit it contains some interesting sporting events.
Answer:
Buganda had a good climate with reliable rainfall with fertile soils which ensured constant supply of food for the population and army. Due to increased population there was need for more land hence expansion of the kingdom. Buganda's dealings with Arabs enabled her get guns.
Explanation:
In the election of 1860, they would've voted for <span>Breckinridge, who was a southern democrat.</span>
