The first main reason was most of the market was based solely on credit, which was stock that was purchased without actual cash, but purchased on credit.
The second factor was the massive pull out by many investors due to a panic that caused the Banks to attempt to purchase these stocks leading to a complete collapse in the market.
Answer: Philippine-American War, war between the United States and Filipino revolutionaries from 1899 to 1902, an insurrection that may be seen as a continuation of the Philippine Revolution against Spanish rule.
Explanation: There you go
Answer:
Explanation:
A region is not influenced by different historical turning points but a period is
Nevada became the 36th state on October 31, 1864, after telegraphing the Constitution of Nevada to the Congress days before the November 8 presidential election (the largest and costliest transmission ever by telegraph). Statehood was rushed to help ensure three electoral votes for Abraham Lincoln's reelection and add to the Republican congressional majorities.[1]
Nevada's harsh but rich environment shaped its history and culture. Before 1858 small Mormon settlements along the border of Utah sustained their communities through faith, but the secular western section stumbled along until the great silver strikes beginning in 1858 created boom towns and fabulous fortunes. After the beginning of the 20th century, profits declined while Progressive reformers sought to curb rampaging capitalism
and its attendant miseries. They imagined a civilized Nevada of
universities, lofty idealism, and social reform. But an economic bust
during the 1910s and disillusionment from failures at social reform and a
population decline of nearly one-fourth meant that by 1920 Nevada had degenerated into a "beautiful desert of buried hopes."[2] The boom returned when big time gambling arrived in 1931, and with good transportation (especially to California metropolitan areas), the nation's easiest divorce laws,
and a speculative get-rich-quick spirit, Nevada had a boom-and-bust
economy that was mostly boom until the worldwide financial crisis of
2008 revealed extravagant speculation in housing and casinos on an epic
scale
Answer:A
Explanation:
I believe the answer is a
