Millions of farmers defaulted on their debts, placing tremendous pressure on the banking system. Between 1920 and 1929, more than 5,000 of the country's 30,000 banks failed. ... A poor distribution of income compounded the country's economic problems
Millions of farmers defaulted on their debts, placing tremendous pressure on the banking system. Between 1920 and 1929, more than 5,000 of the country's 30,000 banks failed. A poor distribution of income compounded the country's economic problems.
England proved to be a strong super power by conquering lands and by acquiring natural resources. England also imperialized many countries benefitting from them through mercantilism. England increased in navy and their economy prospered.
This caused him to discover suffering in the world after a sheltered life and he left the palace and his father behind to discover the truth of suffering
