The Great Depression was a period of unprecedented decline in economic activity. It is generally agreed to have occurred between 1929 and 1939. Although parts of the economy had begun to recover by 1936, high unemployment persisted until the Second World War.
<span>The 1920s witnessed an economic boom in the US (typified by Ford Motor cars, which made a car within the grasp of ordinary workers for the first time). Industrial output expanded very rapidly. Sales were often promoted through buying on credit. However, by early 1929, the steam had gone out of the economy and output was beginning to fall.The stock market had boomed to record levels. Price to earning ratios were above historical averages.The US Agricultural sector had been in recession for many more years<span>The UK economy had been experiencing deflation and high unemployment for much of the 1920s. This was mainly due to the cost of the first world war and attempting to rejoin the Gold standard at a pre world war 1 rate. This meant Sterling was overvalued causing lower exports and slower growth. The US tried to help the UK stay in the gold standard. That meant inflating the US economy, which contributed to the credit boom of the 1920s.
</span></span>During September and October a few firms posted disappointing results causing share prices to fall. On October 28th (Black Monday), the decline in prices turned into a crash has share prices fell 13%. Panic spread throughout the stock exchange as people sought to unload their shares. On Tuesday there was another collapse in prices known as 'Black Tuesday'. Although shares recovered a little in 1930, confidence had evaporated and problems spread to the rest of the financial system. Share prices would fall even more in 1932 as the depression deepened. By 1932, The stock market fell 89% from its September 1929 peak. It was at a level not seen since the nineteenth century.
<span>Falling share prices caused a collapse in confidence and consumer wealth. Spending fell and the decline in confidence precipitated a desire for savers to withdraw money from their banks.</span>
<em>Answer:Slaves sold in the slave market at Montgomery, Alabama, likely to have come largely from Virginia, North Carolina, and Tennessee. Until the Thirteenth Amendment that came into the united colonies of America in 1865 slavery was a legal phenomenon.</em>
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President Roosevelt invited Sinclair to the White House to talk about The Jungle after reading it. The president then set up a special commission to look into the slaughterhouses in Chicago.
In May 1906, the special commission released its report. Almost all of Sinclair's horrors were confirmed by the report.
When President Roosevelt read The Jungle, how did he feel?
The nation was horrified when The Jungle was published. President Theodore Roosevelt ordered an immediate investigation into the meat industry after reading the book, despite privately telling Sinclair that he disliked the Socialist polemic near the book's conclusion.
The novel gained notoriety primarily due to its depiction of meatpacking facilities. A copy of his book was sent to President Roosevelt by Sinclair. Roosevelt ordered an investigation into the abattoirs, partially but not entirely influenced by Sinclair's bestseller. As depicted in The Jungle, unsanitary conditions were discovered by federal inspectors.
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Answer: Mexico claimed that the southern boundary of Texas was the Nueces River, the Texan boundary while under Mexican rule. Americans, as well as the incoming President, claimed that the boundary of Texas was the Rio Grande River. ... President Polk's true goal was to acquire the rich ports of California.
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