The ten percent
The ten percent plan, formally the Proclamation of Amnesty and Reconstruction (13 Stat. 737), was a United States presidential proclamation issued on December 8, 1863, by President Abraham Lincoln, during the American Civil War. By this point in the war (nearly three years in), the Union Army had pushed the Confederate Army out of several regions of the South, and some rebellious states were ready to have their governments rebuilt. Lincoln's plan established a process through which this postwar reconstruction could come about.[1]
The booming economy led in 1929 to a backlog of business inventories which was three times larger than the year before. As a result a recession began in August 1929, two months before the stock market crash. During this two month period, production declined at an annual rate of
20 percent. This decline resulted in the stock market crash which began October 24, followed by Black Tuesday on October 29. Losses for the month amounted to $16 billion, an astronomical sum in those days.
1932 and 1933 were the worst years of the Great Depression. Industrial stocks lost 80 percent of their value since 1930. 10,000 banks failed , or 40 percent of the 1929 total. GNP fell 31 percent since 1929 and over 13 million Americans lost their jobs between 1929 and 1932. In 1933 unemployment did rise to 24.9 percent.
The desperation of many people and especially veterans from WW I resulted in spectacular events, the most dramatic the so-called Bonus marches in 1932.
Answer:Viola Desmond, in full Viola Irene Desmond, née Davis, (born July 6, 1914, Halifax, Nova Scotia, Canada—died February 7, 1965, New York, New York, U.S.), Canadian businesswoman and civil libertarian who built a career as a beautician and was a mentor to young Black women in Nova Scotia through her Desmond School of Beauty Culture. It is, however, the story of her courageous refusal to accept an act of racial discrimination that provided inspiration to a later generation of Black persons in Nova Scotia and in the rest of Canada.
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