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.
The Gilded Age was a time in American history that received its name due to the huge fortunes it created for different citizens. During this era, robber barons became an integral part of society. Robber barons were individuals who became rich/dominant in a particular industry through business deals. Some examples of robber barons include John D. Rockefeller, Andrew Carnegie, and JP Morgan.
John D. Rockefeller represented the Gilded Age well during this time. His monopoly on the oil industry allowed him to be considered one of the richest people in American history. At one point, Rockefeller controlled roughly 90% of the oil consumed in the United States. This allowed Rockefeller to live a lavish lifestyle.
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Confucianism is based on the philosophies of Confucius and how to live a correct life. Confucianism is an ethnic religion and has not traveled very far from its hearth in China. ... Buddhism is a universalizing religion, meaning that it is open to a
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In August, prominent physician Benjamin Rush, signer of the Declaration of Independence, long considered the father of American medicine, described an “unusual number of bilious fevers, accompanied with symptoms of uncommon malignity.” He concluded that, “All was not right in our city.”
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C
Explanation:
the States' equal representation in the senate does not reflect the country's population distribution
