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“The Panic of 1837 was a financial crisis in the United States that touched off a major recession that lasted until the mid-1840s. Profits, prices, and wages went down while unemployment went up. ... Banks collapsed, businesses failed, prices declined, and thousands of workers lost their jobs.”
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It is because of subduction<span>: oceanic crust tends to get colder and denser with age as it spreads off the mid-ocean ridges. It gets so dense, that it sinks in the upper </span><span>mantle </span><span>(subduction). This is like a giant recycling system for oceanic lithosphere! Because continental crust is lighter than oceanic crust, continental crust cannot subduct. We therefore still have some very </span>old continental rocks<span> at the surface of the Earth.</span>
<u>The outbreak of the Second World War happened.</u> The rise of fascism in Italy and Germany worried Roosevelt for what was preparing the country for a war. In the Second World War he sided with France and Britain helping these countries economically breaking the law of neutrality of the United States.
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