“The economy was in good shape‚ there was no apparent conspiracy and banks had money.” (Moss 183) The depression had multiple causes one was the “unequal distribution of wealth‚ Average per capita rose 10 percent during the 1920’s but for the wealthiest Americans it rose to 75 percent‚ the richest one percent of the population owned 60 percent of the nation’s wealth.” “Farmers did not share fully in the expanding consumer economy since they never recovered
Premium Great Depression Unemployment Wall Street Crash of 1929
revolutionary wars‚ the fall of the French Monarchy‚ the unmanageable national debt‚ and the scarcity of food in the years immediately before the revolution. In the years leading up to the French revolution France was stricken with financial problems caused by the wars of King Louis XIV and the wars that he fought in the 18th century. The reason for the extreme amount of debt was the tax system of France was because France was a society
Premium French Revolution Europe Voltaire
distances of 400 kilometers from the epicenter. It produced record-breaking ground acceleration‚ which left sixty people dead‚ 7‚000 injured‚ 20‚000 homeless‚ and over 40‚000 buildings damaged in Los Angles and surrounding counties. The Earthquake caused the collapse of overpasses along the Santa Monica‚ Antelope Valley‚ Simi Valley‚ as well as the Golden State Freeway. In addition‚ numerous fires broke out due to gas line ruptures causing further damage to the
Premium Earthquake California 1906 San Francisco earthquake
During the 1920’s‚ the great depression hit and so made a very uneven distribution of wealth‚ the top 1 percent of all americans had the riches of the bottom 42 percent of all americans. The uneven distribution caused factories to higher their prices‚ lower the employee’s pay to try stay afloat but didn’t succeed. It wasn’t only factories though‚ mining‚ farming and textiles failed as well all leading up to the shutting down of thousands of banks. During the period that lead to the great depression
Premium Working class United States Economics
There were many plus sides to the Civil War. Those plus sides were the abolishment of slavery‚ secession was refuted‚ and there was supremacy of national government. Yet‚ there was one difficulty which was that the Union had the challenge of figuring out what to do with free slaves. In 1867‚ Congress took control of Reconstruction to establish and protect citizenship rights. Congress had succeeded in many ways like having the Southern states ratify the Fourteenth Amendment to rid the military forces
Premium Southern United States Ku Klux Klan American Civil War
What Caused the Civil War? In April 1861‚ the United States of America went to war. They did not go to war with a foreign power‚ because of a border dispute‚ and they did not go to war with the native people because of their hunger for more land. No‚ this would be a war among themselves‚ north against south‚ brother against brother‚ and in some instances even father against son. In the four long and bloody years that this war lasted more than 600‚000 of these brothers‚ fathers‚ and sons would
Premium United States American Civil War Southern United States
and Glory. Mercantilism was also an effect of this‚ which is buying more then you sell. The growth of trade markets completely changed the world. Also‚ voyages launched large-scale contact between Europe and the Americas. The overseas expansion also caused inflamed national rivalries in Europe causing conflict. In 1494 the Treaty of Tordesillas was signed (Spain vs. Portugal) dividing the newly discovered lands outside Europe between Portugal and Spain‚ hopefully putting an end to future fueds. Interactions
Premium Indigenous peoples of the Americas Americas Christopher Columbus
That was certainly a tough 10 years for the citizens living in the United States during that time. “By 1933‚ the unemployment rate had climbed from 3% to 25%. By 1932‚ over 13 million Americans had lost their jobs.” The great depression caused many hardships for millions of Americans. There were multiple events that sparked the great depression‚ but the most notable would be the stock market crash of 1929. The stock market crash of 1929‚ or black Tuesday‚ was caused by a huge drop in the stock
Premium Great Depression Wall Street Crash of 1929 Unemployment
offer made by France. It is evident that France and the Napoleonic War had played an important role in the relationship between America and Britain. Another factor that is clearly highlighted is the anger caused by the violation of the human rights. The fear of losing the Napoleonic War had caused Britain to act out and introduce laws based on that fear.
Premium United States American Revolution United States Declaration of Independence
The Great Depression is considered to be the most severe economic collapse in the history of the world. The Great Depression occurred in October 1929 and lasted until 1939. In October 1929‚ Wall Street’s investors were wiped out‚ which caused consumer spending and investment to decline. The next effect to the crash on Wall Street was the decline in industrial output and employment as failing companies laid off workers. The Great Depression reached its lowest when there were about 15 million Americans
Premium Great Depression Wall Street Crash of 1929 Unemployment