Answer given in a bullet list so it can be amended:
Under the US Constitution the Government cannot take anything of value without paying for it. At the time the US Government admitted it was "broke" (IE: had no money, see FDR's speech c.1932) but they took everyone's gold. Banks held the gold but US Citizens held the deposit notes (gold backed bearer bonds). So as a simple translation, the public held all the gold, the banks just stored it for us.
Because of this the government had to give the american public value in kind for the money it took, and "Title 42" is how they did it, IE: Social Welfare Systems.
Understanding the banks is complicated but I will attempt to show a simplified example. If you go to the bank and want to borrow $100 dollars, the bank cannot loan you "my" $100 dollars because it is mine and I may want to use it at any time, so they have to loan you the money from investors; people who give the bank money specifically for loans (this is the Federal Reserve in 99% of all cases). This rule is enforced by the FDIC who "Insures" the loan at apx. 94% of its face value (so investors are repaid from this insurance if the loan fails).
we went into great debt.
What were the long-term effects of Shay's Rebellion?
There were many devastating longer term effects of the stock market crash in 1929. The most memorable was the Great Depression which resulted in the majority of Americans being displaced from their homes due to lack of employment and an economical fallout.
The long term effect of the Stock Market crash was followed by the Great Depression.
the name the great depression came from a long time ago when people lost jobs and the taxes went upthe name the great depression came from a long time ago when people lost jobs and the taxes went up
Depression & card io dascular
depression confusion life termination
Short-term effects of the Great Depression included high unemployment rates, bank failures, and a significant drop in industrial production. Long-term effects included changes in government policies to prevent future economic downturns, the establishment of social welfare programs, and a shift in public attitudes towards saving and spending. The Great Depression also led to the rise of authoritarian regimes in some countries as a response to the economic turmoil.
Intoxication can have both short-term and long-term effects based on the concentration of alcohol. Short-term effects include decreased heart rate, vomiting, fatigue, and impaired judgment. Long-term effects include respiratory depression, coma, and death.
Depression and Post Traumatic Stress Disorder are probably the two most common results of long-term stress.
no there were many other long term cause which helped cause the great depression. the wall street crash was a cataylst that sped up the depression. if the wall street crash never happened the long term cause would have cause the depression on their own eg overproduction, tariffs etc
we went into great debt.
the long-term effects of SSRIs are unknown
There were many devastating longer term effects of the stock market crash in 1929. The most memorable was the Great Depression which resulted in the majority of Americans being displaced from their homes due to lack of employment and an economical fallout.
What were the long-term effects of Shay's Rebellion?
Flood water damaged a great deal of properties.
The long term effect of the Stock Market crash was followed by the Great Depression.