The four pillars of the policies were to: Reduce marginal tax rates on income from labor and capital. Reduce regulation. Tighten the money supply to reduce inflation.
So basically it’s “decrease the role of the government in people’s lives”
Well, pre-1930s, our economy was booming due to The Great War (WW1), after the war ended, our economy slowly fell, resulting in the Stock Market Crash. After the Stock Market Crash, farm prices raised significantly due to the lack of crops coming in from farmers (due to the dust bowl) after our economy became stable, prices eventually evened out.
Answer:
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Well, first of all a lot of people died.
