<u>These two quotes pronounced by President Herbert Hoover, express his viewpoint on the Great Depression</u> and his opinion about the different formulas adopted to overcome it:
- <em>"Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.
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- <em>"You cannot extend the mastery of government over the daily life of a people without somewhere making it master of people's souls and thoughts.… Every step in that direction poisons the very roots of liberalism. It poisons political equality, free speech, free press, and equality of opportunity. It is the road not to more liberty but to less liberty."</em>
Hoover became one of the main detractors of Roosevelt's New Deal which, based on Keynesian economics, fostered goverment interventionism in order to boost the depressed demand levels as the mechanism to create employment and economic growth. Such interventionism was materialized by increasing public spending.
In opposition, supporters of free markets and<em> laisez-faire</em> economic policies, such as Hoover, criticized this recovery plan because they believed that markets on their own would reach the most efficient outcomes and that the country would get innecessarily indebted. Moreover, they believed that the situation would be worsened by interventionist policies that hampered certain individual liberties.
Answer:
1. Additional impacts of the drought are death of livestock and poor crop yields due to poor or no rainfall making water unavailable for irrigation. Areas in the Free State and North West provinces of South Africa that are known for corn farming are currently unable to grow enough corn due to the drought.
3. Significant developments of its maritime trading system that connected it to the Roman Empire, and India. There was also the invention of alphabets such as the Ge-z alphabetical system that was a collection of consonants. It was later on expanded to include vowels.Due to her interactions with Rome, some of Rome's culture and construction of edifices such as the Rome Stele (known in Aksum as Aksum Obelisk) was put up.Finally, there was the creation of its own coin. The Aksum civilization was the first African entity to create its own currency.
4.I would visit the Nile River because it is the only river that flows north instead of south and is the longest river in the world. I would also visit the Sahara Desert because it is the largest hot desert in the world and is home to beautiful animals such as antelopes and gazelles. Both features are beautiful, unique and has had in important role in shaping the society of countries in Africa.
5.The Song Dynasty invented gunpowder, the key ingredient in getting guns to work, present and past. Without it, we would have much more primitive forms of weapon technology and/or gun design.
6.????
7.From the Mongol period on, then, we can speak about a Eurasian if not a global ... importance of trade from the very earliest times and, unlike the Chinese, they ... The major lessons that Chinggis Khan learned from the hardships of his early ... This policy became one that generated much animosity from the peasant ranks.
8. ????
Explanation:
It was a script of the lesser educated, mainly women
Mahmoud Abbas is the current leader of the PLO
Answer:
Different factors that lead to the great depression the stock market crash of 1929; the collapse of world trade due to the Smoot-Hawley Tariff; government policies; bank failures and panics; and the collapse of the money supply.
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