Due to the fall in the stock market, there has been a decrease in consumer spending and investments. This was caused by a steep decline in industrial production and a rise in unemployment due to failed companies that fired their workers. After the fall in the first 10 months of 1930, 744 banks collapsed - 10 times more. In all, 9,000 banks collapsed during the decade of the 1930s. It is estimated that 4,000 banks failed only during one year in 1933. Until 1933, depositors lost $ 140 billion due to the failure of banks. This is too simplified to find out the decline in stock trading as a unique cause of the Great Depression. However, in 1932, when the country collapsed in the depths of the Great Depression and about 15 million people (more than 20% of the American population at that time) was unemployed.
Yes, he was.. Can you rephrase what you need help on?
Comparing source from other established sources from that time period
Precedent means "a decision that can be legally used due to the current situation"
For example, in the US constitution:
1) "The Ratification of the Conventions of 9 states, shall be sufficient for the Establishment of this Constitution between the states so ratifying the Same"
- It is already ratified, and so we don't really need it
2) "All debts contracted and Engagements entered into, before the adoption of this constitution, shall be as valid against the US under this Constitution, as under the Confederation"
-Again, it is already ratified, note that it says "before the adoption"
3) "No person held to Service or Labour in One state, under the laws thereof, escaping into another, shall, in consequence of any law or regulation therein, be discharged from such service or labour, but shall be delivered up on claim of the Party to whom such Service or Labour may be due".
- We really don't need this anymore, because we don't have slavery
hope this helps
In the North, they were mostly industrial textiles, lumber, furs, fish, and maize
In the South, there are mostly tobacco plantations, later on cotton plantations
