Answer:
He locked them up deep in the earth. ... Upright like the gods and he lit a torch and brought fire to earth from heaven.
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.
I know that I know that anti-Semitism means views, actions or ,policies that discriminate against Semitic people which includes Jews as well as some Arab people
A historical source that might distort the information by putting a strong preference or viewpoint is considered a biased source.
<h3>What is a historical source?</h3>
A historical source is the ones that existed in ancient history like the artifacts, sculptures, coins, etc.
When the point of view or opinions in respect of a historical source deforms the provided information, then that source is regarded as a biased source. This is the source that has differentiated opinions or is defined in inappropriate language.
Therefore, the biased source is the one that portrays a strong opinion which ultimately distorts the original information.
Learn more about the biased source in the related link:
brainly.com/question/4357533
#SPJ1
It is called the Yangtze river and it is known as the golden waterway because it is the longest river of Asia
