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 chief value of the colonies was fur trading
Answer:
The Constitution reflects seven basic principles. They are popular sovereignty, limited government, separation of powers, checks and balances, federalism, republicanism, and individual rights.
Explanation:
The harnessing of electricity radically transformed American business since this meant that power from electricity could power lightbulbs, which were far more effective than candles and other sources, and that electricity could be used to power machines that increased efficiency.
Dear Lewis,
I want to say thank you for everything you have done, I appreciate that you have helped me and i hope you the best in life!
Thanks, and best wishes.
-Your dear friend
