Financial experts warned the public the the American Economy is slowing down. With this warning in mind, investors started selling their shares in large numbers in September 1929. By 24th October 1929, 12.8 million shares were sold and another 16 million shares were sold at a very low price on 29th October 1929. The panic selling of shares lead to the collapse of the stock market in New York.
The aftermath of the wall street crash was very disastrous. Investors lost their money and was not able to pay off their debts. Many banks closed, leaving their depositors with no money nor hope for the future. Ordinary people lost their means to buy foods and other basic needs like shelter and clothes. Companies have to downsize resulting to firing of redundant workers and lowering the wages of the remaining workers. Unemployment rose to very high level.
The Wall Street Crash led to the beginning of the Great Depression in the 1930s.
Answer:
After the German occupation of Prague in March 1939 in violation of the Munich agreement, the Chamberlain government in Britain sought Soviet and French support for a Peace Front. The goal was to deter further German aggression by guaranteeing the independence of Poland and Romania.
Explanation:
Being created by the Dutch and than taken by the English, New York also took people who where escaping their countries from persecution or famine.
Because he was the president of the United States from 1801 to 1809 he was a founding father who was the principal author of the Declaration of Independence
