Due to the fall in the stock market, there has been a decrease in consumer spending and investments. This was caused by a steep decline in industrial production and a rise in unemployment due to failed companies that fired their workers. After the fall in the first 10 months of 1930, 744 banks collapsed - 10 times more. In all, 9,000 banks collapsed during the decade of the 1930s. It is estimated that 4,000 banks failed only during one year in 1933. Until 1933, depositors lost $ 140 billion due to the failure of banks. This is too simplified to find out the decline in stock trading as a unique cause of the Great Depression. However, in 1932, when the country collapsed in the depths of the Great Depression and about 15 million people (more than 20% of the American population at that time) was unemployed.
Frederick was the last Hohenzollern monarch titled King in Prussia.
The state goverment is lower when comes to courts than the national gov.
<span>The Progressives believed then as they do today, that this rapidly changing society required the establishment of a “new order”. Woodrow Wilson, Theodore Roosevelt, John Dewey and Charles Merriam were early political leaders of the movement.
Below are </span><span>convictions did progressive reformers share
</span><span>1)believed that industrialization and urbanization had produced serious social disorders, from city slums to corporate abuses, 2)they believed that new ideas and methods were required to correct these problems, 3)they rejected the ideology of individualism in favor of broader concepts of social responsibility, and sought to achieve social order through organization and efficiency, and 4)they believed that government itself, as the organized agent of public responsibility, should address social and economic problems</span>
I’m just answering my first question everyone
