Credit is essentialy a loan given that is paid back with interest. Arguably, credit caused the Great Depression. Many Americans invested in the stock market with credit when they did not have the money, so when a recession in the stock market occurred, many stockholders were in huge debt. Banks that lended money were out of money, and depositors lost money. This caused homes to foreclose, and because of the decrease in consumer purchasing power (people were in debt), companies laid off workers and unemployment rose.
Civil War killed off slavery and declined the southern economy it also acted as a catalyst to make America into a complex industrial society of capital, technology, national organizations, and large corporations.
this would be the proper answer The Pilgrims came to the New World to escape religious persecution.
a. the appeal of Christianity among all social classes of Europe.
Option C, It restricted the power of Black Codes already in force is the right answer.
The Black codes in the united states were the laws that limited the freedom of African Americans. These black codes were passed by the Southern states in 1865 and 1866. Enacted in July 1868, the 14th Amendment in the constitution of America proposed the Citizenship, the Equal Protection and the Due process under the law. This Amendment was an acknowledgement to the problems related to former slaves following the American Civil War. The Equal Protection clause declared that "a state may not refuse any person within its jurisdiction the equal protection of the laws".
