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History, 05.11.2020 23:20 erikamaldonado661
How did the economy stay the same during the glided age and how did it change?
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During the 1920s, the federal reserve increased the money supply and kept interest rates very low, encouraging consumer spending and the brisk borrowing of money. business investment and the expansion of businesses grew rapidly during the 1920 to meet the needs of this huge consumer spending. however, during the crash of 1929, the federal reserve reversed its expansionary monetary policy and cut off the money supply by almost 30%, causing banks to not have enough currency on hand when depositors wanted their hard-earned money. after reading the prompt, what can you surmise happened next that contributed to the great depression? a) black tuesday b) collapse of banks c) high unemployment d) election of franklin d. roosevelt
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According to us supporters, which was a benefit of purchasing alaska? the territory would be a buffer to invasions from europe. the territory would provide a place for many americans to live. it would increase trade by improving access to the northern pacific. it would increase the united states’ power by creating a bond with russia.
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How did the economy stay the same during the glided age and how did it change?...
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