Hoover was a Republican and during the 1920's that meant little government interference with the economy. He was following the common practice of his political party for the time. Also, based on previous panics and recessions, the government didn't have to interfere because the economy naturally saw booms and busts in the economic cycle. It was believed that this economic bust was a normal decline and with reinvestment by the wealthy the economy would bounce back.
People arguing for government interference suggested that the depression was worse and different than other panics experienced before this. No one was reinvesting in the economy because they had lost too much or were not willing to trust the system. It was argued that government spending was needed to get the economy started again and then the debt the government gained from economic investment would be paid back with increased taxes when the economy turned around.
The first blank is treasury secretary
You didn't provide the answers, however, European Communist countries didn't have much choice since they were liberated by Communists during the war. The Asian countries did have a choice and chose to adopt it which is why there were many wars, both civil and one country fighting another like in Vietnam or Korea. They were supported by the Soviets and China.
<span>Mercantilism was the concept that "all exploration and findings need to be routed back to the mother country for production and resale," and that "he who has the most controls the most." Monarchs at the time passed laws that required colonials to purchase their goods from companies chartered by the crown as a way of securing the profits.</span>
People would most likely go for them more because of their race and how rasict people where.
