Over production of goods caused prices/ stocks to fall after World war 1 leading up to the great depression
Herbert Hoover´s plan centered on keeping the federal budget balanced, instituting tax cuts, and developing public works projects.
Herbert Hoover was an American businessman, engineer, politician who served as the 31th president of the United States during the Great Depression. Hoover introduced themes of efficiency in the business community and provided government support for standardization, efficiency and international trade.
The central issue was reconstructing the nation after the Civil War.
Ans: The Fed lowers interest rates in order to stimulate economic growth, as lower financing costs can encourage borrowing and investing. ... When there is too much growth, the Fed can then raise interest rates in order to slow inflation and return growth to more sustainable levels.