Answer:
People sold off bank stocks, making them worthless.
Explanation:
The Stock Market Crash of 1929 caused a series of bank runs which destroyed the people's trust in the banking system. It began as a rumor that the banks were unable to pay cash which then transcended to panic among customers causing them to withdraw their funds en masse. They also spent little thus causing a stagnant economy. People withdrew their cash from the banks thus causing the solvency of many banks.
Banks in turn liquidated their loans and sold their assets at very low costs.
Answer:
The Spanish established 21 religious outposts in California to covert the Native Americans. The missions were founded by the Catholic priests of Franciscan order. The missionaries for the native Americans to live in the settlements (Reductions) destroying their traditional way of life and influencing religion,culture, architecture, language and economy of the region, they forced the native to change themselves to match with the modernity. they also brought European fruits, cattle, vegetables, horses and ranching technology.
Historians blame the mission for the oppression and abuse to transform them into Spanish colonial citizens.
Answer:
Iraq invaded Kuwait on August 2, 1990. In response to this aggression, the United States, along with a coalition of allied countries, started the Gulf War against Saddam Hussein's regime.
Explanation:
The Gulf War began when Iraq under Saddam Hussein captured neighboring Kuwait to secure oil supplies in August 1990. This meant that the UN intervened and that the United States, with President George H.W. Bush at the helm, with military force, defeated the Iraqi forces after a lengthy and preliminary bombing campaign from the air, which began on January 17, 1991. The American losses were historically few for a land war, while the Iraqi ones were significant.
