The correct answer to this open question is the following.
Although there are no options attached we can say the following.
The long-term crash that made this happen was the United States stock market crash of October 29, 1929, marking the beginning of the so-called Great Depression in America.
It is true that people who were in deep debt from buying stocks on a margin throughout the 1920s were then unable to walk away from the stock market because they needed a big payoff to cover their debts. This led to the Crash because people continued to play the stock market throughout the 1920s without putting enough cash into it to create real value.
And yes, teh Great Depression hit hard. After that US stock market crash, millions of American citizens lost their jobs, thousands of companies broke, and banks went into bankruptcy. The Great Depression has been the worst economic crisis in the United States. And people did not receive any help from the federal government, under President Herbert Hoover.
It was until the arrival of Franklin D. Roosevelt as the US President in 1933, that he created the New Deal, a series of programs and legislation aimed to help the American people.
One reason why some people and nations would oppose trade and specialization is because this inevitably leads to a market economy, and some people fear that such economies will lead to a degradation of their culture.
Answer:
b) an old-age revolving pension plan
Explanation:
Francis E. Townsend, an American physician, is credited for revolving Old age pension plan during Great Depression of 1930s.
Francis gave a proposal that played an important role in the establishment of President Roosevelt's Social Security system. It came to be known as "Townsend Plan".
According to The Townsend Plan every person who is above 60 years should be given $200/month. He proposed a 2% national sales tax to assist in The Old-Age Revolving Pension fund. It majorly focused on improving the standard of living of retired and old citizens who could not cope up with the economic degradation in America during the Great Depression. A generous insurance plan for the needy received appreciation from Roosevelt and eventually paved way for the pension plan to come into force.
James McCarthy was actually the Republican Senator of Wisconsin. Jyoder keeps answering question wrong.
Answer: America was introduced to new animal species, Catholicism, and agricultural techniques.
Explanation:
Native Americans from Europeans became acquainted with horses, cows, goats, and pigs. Before the arrival of Europeans on the American continent, the natives did not know the species mentioned. These species will make life easier for the people of this continent in the future. In addition to the horse that had multiple daily uses, the natives enriched their diet.
Catholicism has spread massively to newly discovered countries. The Europeans brought a new religion to the American soil. The process of the baptism of the continent was a systematic process of Europeans by church and state.
Europeans also brought specific agricultural techniques to the United States. A humming system has replaced the traditional planting system. This system is significantly more efficient. Europeans also brought some new cereals such as wheat to the United States.