Question 1 (10 points) Which of the following best describes the events that transpired between 1920 and 1959? 1) During this time period we experienced the Great Recession during which mortgages were issued to individuals with bad credit and people were not able to pay back their debt causing a massive spike in foreclosures. 2) This time period saw the beginning of World War I and the rise of the Soviet Union. Multiple countries were becoming socialist and Germany started to suffer hyperinflation due to the War. During this time period, the U.S. suffered the Great Depression, during which the NYSE experienced a massive decline in stock prices and people stopped trusting the banking system. This period was followed by World War II. Through this time period, the number of banks increased by over 19 times. 4) Huge amounts of capital was exported to Britain, the number of US banks increased over 19 times, the Latin Monetarian Union and the Scandinavian Union were formed Cowrie shells were first introduced in Uganda. At the beginning of this time period, two cowrie shells were sufficient to purchase a woman. Later in the period, the wholesale importation of cowries caused massive inflation. Near the end of this period, over one thousand cowries were needed for such a purchase. 5)