The first main reason was most of the market was based solely on credit, which was stock that was purchased without actual cash, but purchased on credit.
The second factor was the massive pull out by many investors due to a panic that caused the Banks to attempt to purchase these stocks leading to a complete collapse in the market.
Answer:
b Spain and the Netherlands
Brazil to Mexico: Latin America's image problem. Infiltration of organized crime in Mexico's local police forces and controversies surrounding the highest levels of government have tarnished the country's image as a model reformer. Argentina is still reeling after its recent default.
Economically it had a positive impact on the South, it allowed their economy not to be solely reliant on agriculture. However, as far as their society goes there wasn't a change in their belief system in their stance on African Americans. Many still considered them as second citizens until the Civil Rights Movement.
