Answer:
States and local governments hold 5 percent of the debt. Foreign governments who have purchased U.S. treasuries include China, Japan, Brazil, Ireland, the U.K. and others. China represents 29 percent of all treasuries issued to other countries, which corresponds to $1.18 trillion.
Explanation:
Most historians would say yes. Hoover was famously "hands off" in terms of helping America get through very hard economic times. FDR, was the opposite--he was very proactive.
In the following, you will find the excerpts from "Elizabeth Bishop's" The fish in that very situation:
"I caught a tremendous fish, and held him beside the boat, half out of water, with my hook, fast in a corner of his mouth. He didn’t fight. He hadn’t fought at all. He hung a grunting weight, battered and venerable and homely. Here and there his brown skin hung in strips like ancient wallpaper,"
