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.
The government’s involvement in economy serves what two purposes?FIRSTLY: to protect the public.SECONDLY: to preserve private enterprises.
The three intended purpose of the Act includes to encourage the Native Americans to leave Indian reservations, assimilate the Native Americans into the general population in urban areas and to grant the land west of the Mississippi River to Indian tribes.
The Indian Removal Act refers to a Act that authorize the president to grant lands west of the Mississippi in exchange for Indian lands within existing state border
The three intended purpose of the Act includes:
- to encourage the Native Americans to leave Indian reservations
- to assimilate the Native Americans into the general population in urban areas
- to grant land west of the Mississippi River to Indian tribes
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Answer: to maintain control of the economy and the people that live there.
Explanation: