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Ainat [17]
3 years ago
8

The Great Depression begins:

History
2 answers:
nevsk [136]3 years ago
8 0

Answer:

The Great Depression was caused, in part, by the federal government's monetary policies, stock market speculation and increasing consumer debt. ... This led to stock market speculation and use of credit. The Federal Reserve attempted to control these practices by constricting (limiting) the money supply.

Explanation:

Have a nice day!

ivanzaharov [21]3 years ago
3 0

Answer:

The two systems, installment buying and buying on credit, left millions of people in debt . When many lost their jobs, they could not pay back the debts they had incurred. Supply and demand helped bring about and also lengthen the Great Depression.

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Michigan further established itself at an industrial powerhouse during WWII, when its industrial capacity was used to support the war effort. During this time, FDR pushed legislation that legalized unions, which led to the unionization of many industry-based jobs and established an almost 100% tendency in Michigan to vote democrat, which has continued to this day (excluding the 2016 election). 

The heavy industrialization in Michigan also set it up for some rough decades in the 1970s and beyond, when international competition caused many to lose their automotive and other manufacturing jobs. This has actually set Michigan up for a very difficult situation, with cities like Detroit losing many thousands of jobs over the years and becoming a shell of what they were.
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