The mechanization of the spinning process in the late 1700s was a major achievement of the Industrial Revolution that had a major impact in the textile industry. As the spinning process became more efficient more textiles were produced in a short period of time. This led to a high demand for cotton, one of the raw materials of the textile industry.
Hoovers reaction to the crisis was constrained by his conservative political philosophy. He believed in a limited role for government and worry about the independant and interaction in others affair.
Jefferson was a real by the book guy. He thought states should charter banks that could issue money. Jefferson also believed that the Constitution did not give the national government the power to establish a bank
