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Why did thousands of American banks close after the stock market crash?

History.com notes that banks rarely keep the full amount of deposits and securities it holds in cash on the premises. When consumers began to panic, worried about the security of their funds in banks after the stock market crash, the banks had to take a financial loss to pay all of their customers immediately. Without an influx of cash, the banks closed.\nPublic Broadcasting Service notes that the American banking system was largely non-existent by 1933. The remaining banks couldn't give out loans to businesses. Consumers didn't know what checks to accept because many were worthless,..

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What region was referred to as "the powder keg of Europe?"

Much of the area in dispute was former territory of the declining Ottoman Empire. Nations that declared independence just before the turn of the 20th century included Greece, Serbia, Romania and Montenegro. In 1878, Austria-Hungary occupied Bosnia, and in 1908 it annexed Bosnia, provoking outrage in Russia and Serbia. The Ottomans complicated the situation by recognizing Austria-Hungarian control after getting paid for the territory. In October 1912, Greece, Serbia, Bulgaria and Montenegro started the First Balkan War to exploit the Ottoman Empire's weakness and gain territory. Argument o..

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When did Leif Eriksson die?

The details of his death and the location of his body are not known. Erikson reportedly came from a line of explorers and had multiple sons outside of wedlock. He founded the first European settlement in what later became Greenland. The exploration that landed in North America settled at Vinland, but Erikson only stayed for a single winter and did not establish a permanent colony.

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When was the Belfast Telegraph started?

The Belfast Telegraph is the best-selling newspaper in Northern Ireland as of 2015. It has dominated the media landscape in the country for the last 145 years. In 2012, the paper switched to a morning-only edition as part of a strategy to generate more readers. The paper embraced the Internet by creating a website, and Belfast Telegraph readers have access to mobile news services on their tablets and smartphones.

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What made Martin Luther King famous?

Dr. King served as a leader of the Civil Rights Movement for 13 years until he was assassinated on April 4, 1968. In 1955, King became the spokesman for the Montgomery Bus Boycott. After over 300 days of continuous peaceful protests, the boycott resulted in the Supreme Court ruling that segregation in public transport was unconstitutional.\nDr. King also led the March on Washington in 1963 to peacefully protest racial discrimination in the labor market, This march resulted in the passing of the Civil Rights Act of 1964. During this march, King delivered his famous "I Have a Dream Speech" on th..

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Who were the Axis Powers in World War II?

The Axis alliance was the result of the initial agreements between Germany and Italy. They believed that Germany should have rule over most of continental Europe, Japan over the Pacific and East Asia and Italy over the Mediterranean Sea. The partners wanted to expand their territory through military conquest, with the goal of overthrowing the international order that followed after World War I. They also wanted to destroy or neutralize Soviet Communism.In October of 1936, the Axis signed an agreement that bound Rome and Berlin. The Anti-Comintern Pact was signed by Germany and Japan in Novembe..

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Where did the Constitutional Convention take place?

The Constitutional Convention was conducted in secrecy, and though many delegates, including James Madison, took copious notes, the notes were not published until many years later. The long hours of deliberation produced the United States Constitution, which established a new government structure with very specific checks and balances. The Constitution was ratified in 1789, putting the machinery of federal government into motion, where it would be tested and modified through amendments over the years to better serve the American people.

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What are the characteristics of utopian societies?

It is argued that utopia cannot exist in today's society, because some of its characteristics are beyond actualization. Utopia is intended to create a scenic picture in the mind of a person where many aspects of the existing society do not exist. However, there are some situations that come close to the notion created by utopia. Afterlife, as described in Christianity, and life in the Old Testament portray some of the characteristics of a utopian society.

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What are some facts about the life of Squanto?

Born in 1580, Squanto and four companions suffered capture at the hands of Captain George Weymouth in 1605. Weymouth brought Squanto back to England; however, in 1614, he joined explorer John Smith and traveled back to the Massachusetts area. After Hunt kidnapped him that same year and returned him to Spain, Squanto escaped and spent time living with monks before returning once again to his homeland in 1619. He died in 1622 of a fever.

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What did the Indians teach the Pilgrims to plant?

Unlike the sweet white and yellow corn that is grown throughout the United States today, Indian corn can be multiple colors, including red, blue, yellow and black. It is rarely consumed fresh on or off the cob, but it is ground into flours that are used for baking breads and making bread-like items. Indian corn was also sometimes used to barter for furs, and it was used as feed for livestock.

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