Answer:Siddhartha taught that by putting aside one's own selfish desires, one can escape the cycle of death and rebirth to reach Nirvana.
Explanation:
The author included the information about 1920 and 1925 because that was the time the U.S economy expanded rapidly, The Roaring Twenties. Until 1925 there wasn’t legal requirement to separate the operations of commercial and investment banks, the investment banking was consisted of <em>JP Morgan & Co, Kuhn, Loeb & Co, Brown Brothers and Kindder, Peabody & Co</em>. Their funds could be used to fund the underwriting business of the investment baking side.
In 1929 everyone was putting their savings into stocks, not only the wealth part but the poor part too and because of that the stock market reached the peak in August 1929. But than the production declined causing unemployment and with that the stock prices were much higher than their actual value. The economy was struggling, the debt was rising and the banks had and excess of large loans that couldn’t be liquidated.
In the 1930s over 9,000 banks failed because people didn’t trusted them to put their saving. The Great Depression the official unemployment rate was 25% and the stock marked declined 75% since 1929. But in 1933 now with Rooselvet’s administration he took immediate action about the economic woes first announcing that all banks would close, Bank Holiday. The Congress would pass reform legislation and reopen the banks. In “<em>first 100 days</em>” Roosevelt’s administration stabilized the industrial and agricultural production and created jobs and also created the Federal Deposit Insurance Corporation (FDIC) to protect depositors’ accounts and the Securities and Exchange Commission (SEC) to regulate the stock market and prevent what happened in 1929.
The big change between the crises in the 20s and 30s were all about who was in charge, President Hebert Hoover didn’t take much lead about the crises but Roosevelt did.
Answer:
<em>The were created by men who became wealthy because of the gold-salt trade. They were extremely cunning, extremely lucky, or both. Their wealth gave them power turning them and their descendants into powerful lords of land and people.</em><em>Monarchy is a political system in which supreme authority is vested in the monarch, an individual ruler who functions as head of state. It typically acts as a political-administrative organization and as a social group of nobility known as “court society.”</em><em>However, only three are currently sovereign, while the remaining are sub-national monarchies.</em>
Mecca and Jerusalem, since Muhammad was born in Mecca and he rose up to heaven in Jerusalem
The Paris Peace Conference<span> and the Treaty of Versailles. The </span>Paris Peace Conference<span> convened in January 1919 at Versailles just outside </span>Paris<span>. ... Negotiations at the </span>Paris Peace Conference<span> were complicated. The United Kingdom,</span>France<span>, and Italy fought together as the Allied Powers during the First World War.</span>
