<u>These two quotes pronounced by President Herbert Hoover, express his viewpoint on the Great Depression</u> and his opinion about the different formulas adopted to overcome it:
- <em>"Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.
"</em>
- <em>"You cannot extend the mastery of government over the daily life of a people without somewhere making it master of people's souls and thoughts.… Every step in that direction poisons the very roots of liberalism. It poisons political equality, free speech, free press, and equality of opportunity. It is the road not to more liberty but to less liberty."</em>
Hoover became one of the main detractors of Roosevelt's New Deal which, based on Keynesian economics, fostered goverment interventionism in order to boost the depressed demand levels as the mechanism to create employment and economic growth. Such interventionism was materialized by increasing public spending.
In opposition, supporters of free markets and<em> laisez-faire</em> economic policies, such as Hoover, criticized this recovery plan because they believed that markets on their own would reach the most efficient outcomes and that the country would get innecessarily indebted. Moreover, they believed that the situation would be worsened by interventionist policies that hampered certain individual liberties.
Answer: The Mayflower Compact created laws for Mayflower Pilgrims and non-Pilgrims alike for the good of their new colony. It was a short document which established that: the colonists would remain loyal subjects to King James, despite their need for self-governance.
Explanation:
Liberalism can be summed up as the postulate of the free use by each individual or member of a society of his property (the fact that some have only one property: their workforce while others own the means of production is not denied, only omitted). In this sense, all men are equal, a fact enshrined in the fundamental principle of the bourgeois constitution: all are equal before the law, the concrete basis of formal equality between the members of a society. In an extension of this, a second idea proposes the commonwealth, according to which property and freedom-based social organization serves the good of all. (Incidentally, if there is no antagonism between social classes, action can be driven by reason, hence rationalism.) This is the crux of the ideological proposition, which seeks the consented domination of workers through the operation of identifying the interest of the ruling class (maintaining the prevailing social order) with the interest of society as a whole - the nation.
They were kind of poor, but had almost everything they needed to survive.
Yeetggggggggggggggggggggggggggggggggggggggggggggggggggggggggg
