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.
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Answer:
Stalin and Trotsky. Stalin won in the end
Explanation:
The growth of industries and urban population was the major change, beginning in the late 1790's/ early 1800's using technological improvements and taking advantage of a large pool of immigrants which arises in the United States.
<u>Explanation:</u>
The need of labor in the industries for huge production attracted the attention of the rural people, it was an opportunity for the rural people to settle inside the cities and become urban. Around 1920, nearly the major parts of America was populated with urban communities.
Around the period 1870 and 1920, nearly 25 million immigrants entered the country. They came with an hope to take part in the industry labor and gain enough wages that wouldn't push them to poverty. Places like New York, Cleveland, St.Louis attracted a lot of immigrants as it was a place of opportunities and in fact the immigrants were eager to work.
It was not just an advantage for the rural and immigrants but as well as for the factories and industries, who utilized these people for better use and development of the cities.
Bleeding Kansas describes the period of repeated outbreaks of violent guerrilla warfare between pro-slavery and anti-slavery forces following the creation of the new territory of Kansas in 1854. In all, some 55 people were killed between 1855 and 1859
