Each student may be asked to write an assignment on how each sector a

1.	Each student may be asked to write an assignment on how each sector and each section of population in the USA came to be affected by the Stock Market Crash in 1929.
Answer» Agriculture sector: The prices of the agricultural crops dropped, so low that many farmers became bankrupt and lost their farms. Livestock was the main source of cash. Com was used to feed Cattle and Pigs. But nothing could help them. Banking Sector: Confidence in the economy was shattered, Wall street and the banks were no longer seen as reliable. Many refused to put money into stocks. The Federal Reserve did not give aid to banks and small banks collapsed. Industrial sector: As the country’s economy worsened, local industries affected badly. Production went down. Factories closed. Workers remain unemployed. Almost 15 million people were out of work. Political Sector: The depression affected politics badly people started disliking Herbert Hoover, the president and his type of laissez faire economics. People voted for Franklin Roosevelt. There was dangerous high U.S debt.

Each student may be asked to write an assignment on how each sector and each section of population in the USA came to be affected by the Stock Market Crash in 1929.

Answer»

Agriculture sector: The prices of the agricultural crops dropped, so low that many farmers became bankrupt and lost their farms. Livestock was the main source of cash. Com was used to feed Cattle and Pigs. But nothing could help them.

Banking Sector: Confidence in the economy was shattered, Wall street and the banks were no longer seen as reliable. Many refused to put money into stocks. The Federal Reserve did not give aid to banks and small banks collapsed.

Industrial sector: As the country’s economy worsened, local industries affected badly. Production went down. Factories closed. Workers remain unemployed. Almost 15 million people were out of work.

Political Sector: The depression affected politics badly people started disliking Herbert Hoover, the president and his type of laissez faire economics. People voted for Franklin Roosevelt. There was dangerous high U.S debt.

Each student may be asked to write an assignment on how each sector and each section of population in the USA came to be affected by the Stock Market Crash in 1929.

Discussion

No Comment Found

Related InterviewSolutions

Reply to Comment