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A lot of people invested in the stock market in the 1920s because they could buy stocks 'on the margin', and hence, required little initial capital. ... This easy access to borrowing, fueled a growth in stock market investment, which eventually created a bubble and completely collapsed.
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Answer: a stretch of muddy land left uncovered at low tide.
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Why shouldn't we judge historical figures by the standards of our time?
Many of the vices we might rightfully judge a historical society or individual for are largely universal across culture and society.
We should judge them accordingly and learn from their mistakes, but we should also judge them by the degree to which that person or culture rejected those common vices and built something better. This is something quite rare and it’s far more useful as a learning tool for us to focus on this.
For example, the Greeks and Romans practiced slaveryBut so did every other ancient society. What is unique and admirable about the Greeks and Romans is the degree to which they did respect indvidual rights, seriously questioned slavery as an institution, and developed a secular, pro reason culture
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<span>The Great Wall of China should be preserved because it is a historic wonder that is known throughout the world that many tourists visit. In addition, it is also one of the few man made objects that can be seen from orbiting the Earth.</span>
<span>The HMO Act of 1973 helped to cement the HMO into the U.S. health system by providing grants to start or expand HMOs, removing many restrictions imposed by the individual states, and required employers with more than 25 employees to offer a federally-certified HMO to employees.</span><span>
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