#1 farmers piled up debt, over produced food causing prices to fall.
industry produced more than was bought, many items bought on credit
disparity in wealth; few getting wealthy and not spending enough to match the production output
<span>prices declined, people panis and sold stock and took money out of the banks
</span>#2 in beginning, had a hands-off policy
then adopted a volunteerism policy but business and labor did not work together
local and state governments did not have resources to help people on a local level
created RFC to get loans to businesses but funds did not trickle doen to citizens
unemployment and homelessness high
<span>Hoover did not reaction quickly enough and relied too much on local, state, and private efforts to fix the economic problems
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Merry Christmas!
can you ask your teacher for help and if not then try to use quizlet or answers .com but otherwise the American economy dropped because of the depression
Industrialization drastically increased the speed of change because the production of new goods always had to increase and be faster at the end of the day. The demand was ever-increasing which made change much more desirable when it was in the direction of increased production.
In this way industrialization increased the speed of change.
