The booming economy led in 1929 to a backlog of business inventories which was three times larger than the year before. As a result a recession began in August 1929, two months before the stock market crash. During this two month period, production declined at an annual rate of
20 percent. This decline resulted in the stock market crash which began October 24, followed by Black Tuesday on October 29. Losses for the month amounted to $16 billion, an astronomical sum in those days.
1932 and 1933 were the worst years of the Great Depression. Industrial stocks lost 80 percent of their value since 1930. 10,000 banks failed , or 40 percent of the 1929 total. GNP fell 31 percent since 1929 and over 13 million Americans lost their jobs between 1929 and 1932. In 1933 unemployment did rise to 24.9 percent.
The desperation of many people and especially veterans from WW I resulted in spectacular events, the most dramatic the so-called Bonus marches in 1932.
The French founded Quebec mainly as an outpost to discover resources. The French founded Qubec as more than just a trading post but a permanent settlement that would facilitate their search for resources. It was among the first outposts that were founded
Answer:
It is the deadliest terrorist attack in human history and the single deadliest incident for firefighters and law enforcement officers in the history of the United States, with 340 and 72 killed, respectively.
Explanation:
He was appointed Indian agent for Nothern California and this position continued for the work of the government of Mexico. He was among the eight Californios who were appointed to serve California constitutional convention.
He was elected subsequently to the first senate state. The conquest of California by united states was ultimately disastrous for other Californios and for Vallejo. Californios were left automated minority by the flood of immigrants into California. Vallejo was the leading member of Mexican California's population.
Iron production since they can make guns
