Answer:
People sold off bank stocks, making them worthless.
Explanation:
The Stock Market Crash of 1929 caused a series of bank runs which destroyed the people's trust in the banking system. It began as a rumor that the banks were unable to pay cash which then transcended to panic among customers causing them to withdraw their funds en masse. They also spent little thus causing a stagnant economy. People withdrew their cash from the banks thus causing the solvency of many banks.
Banks in turn liquidated their loans and sold their assets at very low costs.
Answer:
I believe Japan
Explanation:
After WW2, Japan went through a rebuilding phase through post- WW2 to the Cold War ending. With the help of America supplying aid to Japan, in hopes of slowing the spread of communism westward, the US rebuilt japan in a sort of Democratic form of a nation, thus resulting in one of the wealthiest nations in the world.
A theocratic government is based of religion. For example the Vatican is a small state of theocratic government lead by the Catholic Church. <span />
Limited natural resources like infertile land and lack of coastal access can limit economic growth of a country.
<u>Explanation:</u>
Agriculture is an important sector that determines a country’s economic stability. If a country does not have enough agricultural productivity it should depend on other countries to meet its needs. This will cause the outflow of wealth from the nation to other countries and slow down its economic growth.
Fertile land is the necessary resource that ensures stable agricultural productivity. If a country’s geographical location favours its trade relations with other nations, imports and exports become smoother. Coastal access is an important factor that boosts up a country’s active participation in global trade.
Thus infertile land and lack of coastal access can bring down the economic growth of a country.
