Answer: Its economic base was agriculture.
It lacked a modern transportation system. It lacked a substantial wealthy class.
Answer:
On October 24, 1929, as nervous investors began selling overpriced shares en masse, the stock market crash that some had feared happened at last. A record 12.9 million shares were traded that day, known as “Black Thursday.”
Explanation:
Inflation is the rise in the price of goods and services supplied in an economy.
As a monetary policy action, the federal reserve will increase the federal funds rate in order to reduce the flow of money supply to the economy. In other words, by making it more expensive for entities to borrow money, this will consequently reduce the amount of money that is circulating in the streets. By rule of supply of demand, as there is less money to buy products and services, the prices of goods and services will start to drop.
Economic sanctions are mainly used to protect domestic industries from international competitors. help domestic industries gain more business. punish nations for disobeying international law. encourage nations to give up their nuclear weapons.
