On October 29‚ 1929‚ “Black Tuesday‚” the successful stock market crashed and the house of cards fell. The Great Depression began‚ marking the worst economic downturn in the history of the United States of America. The economy plummeted and unemployment skyrocketed. Henry Ford had to close several factories in Detroit in 1931‚ putting 75‚000 people of their jobs. By 1933‚ 25% of the American public was unemployed. Tariffs‚ war debt‚ crisis in farmland‚ accessible credit and an unequal distribution
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The North has therefore a bigger borrowing capacity. The South has to resign to printing money‚ and therefore‚ made the inflation to increase exponentially. According to the San Jose State University Department of Economics‚ when the Civil War ended in April 1965; the cost of living in the South was more than 90 times higher than what it was before the beginning of the war. To have a more concrete idea of the problem‚ 1 Union Dollar on April 1865 was worth 100 confederate
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everyday peasants was changed as worker’s wages were also affected due to the disease as there were less workers and more job opportunities for the surviving Serfs to take advantage of. The Black Death shook Europe and impacted it in both social and economic ways - art‚ faith and peasant lifestyle being no exception. First off‚ art and literature during the spread of the Black Death was largely impacted. Instead of its usual positive religious meanings‚ the arts turned toward expressing themes of death
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territories across the continent‚ each with its own unique cultures‚ traditions‚ and ways of life. However‚ the Civil War brought significant upheaval to these communities‚ resulting in widespread displacement‚ loss of land‚ and profound social and economic disruption. One of the key ways in which Indian tribes were affected by the Civil War was through their strategic positioning and alliances with the warring factions. Many tribes found themselves caught in the middle of the conflict‚ as they were
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The rapid growth of cotton plantations down south greatly impacted slavery. Due to the high labor demands in the south it cuased a ripple affect decreasing the need for slaves in the north. The domesticed slave trade was devastating to African Americans. Half of the northerns slave population was transported to the south. Slave holders would often seperate husbands and wifes‚ mothers from children‚ as well as siblings for a number of reasons but mainly in order to prevent or hinder any attempts
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The European powers were motivated by their own strategic defence and economic needs. In consolidating their dominance over the necessary resources and assets they unwittingly sparked the forces of nationalism. These nationalist forces‚ however‚ tended to have their roots in western liberal ideals of sovereignty and equality
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establish a national church. The French Revolution was known for its major social and economic changes in Europe. Many of these changes caused positive and negative impact on women and men in everyday life. In 1799-1815‚ Napoleon became a powerful ruler in France. Napoleon led the war between France and its allies‚ which resulted in France‚ defeating the first and second coalition. At the end of the Napoleonic wars‚ economic growth and technological innovation were caused by the British. The British invented
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greater. However‚ there are much arguments about the effect that unions exert on economic productivity and efficiency. When employees are satisfied with their working environment‚ they tend to perform at their utmost best. If unions are present and are helping employees to have a voice in their working conditions‚ it might lead to a high productivity and efficiency. This shows the positive impact of unions on economic productivity. The Harvard School conducted a research which was in favor of positive
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President Hoover never fully understood how large of an effect the Great Depression was having on the people‚ and that caused him to be seen as a careless and heartless president. Hoover also did not think that the government should start relief programs for the American citizens. He believed that that was the responsibility of the state’s‚ except there was not enough money in the state funds for their relief programs to become effective (“President Hoover”). Hoover did everything he thought needed to be
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Louis extended his generosity to helping the victims of the Pearl Harbor bombing victims by donating a total of $65‚200 that he earned from a fight. Within a period of fewer than three months after the donation‚ he donated $45‚882 that he had also earned from a fight to the Army Relief Fund. When the war was over‚ Louis was determined to retire from professional boxing having to save enough money in the bank and with his dignity still high. However‚ he lost both. The reason behind this was that Louis
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