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Juliette [100K]
3 years ago
8

How does inflation influence purchasing power?

History
1 answer:
choli [55]3 years ago
8 0

Answer:

Purchasing power is the value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you would be able to purchase.

Explanation:

You might be interested in
Give several examples of how you can tell that the public blamed Hoover for the depression
IrinaVladis [17]

Herbert Hoover (1874-1964), America’s 31st president, took office in 1929, the year the U.S. economy plummeted into the Great Depression. Although his predecessors’ policies undoubtedly contributed to the crisis, which lasted over a decade, Hoover bore much of the blame in the minds of the American people. As the Depression deepened, Hoover failed to recognize the severity of the situation or leverage the power of the federal government to squarely address it. A successful mining engineer before entering politics, the Iowa-born president was widely viewed as callous and insensitive toward the suffering of millions of desperate Americans. As a result, Hoover was soundly defeated in the 1932 presidential election by Democrat Franklin D. Roosevelt (1882-1945).





Humanitarian Work

At the start of World War I (1914-18), Hoover dedicated his talents to humanitarian work. He helped 120,000 stranded American tourists return home from Europe when the hostilities broke out, and coordinated the delivery of food and supplies to citizens of Belgium after that country was overrun by Germany.

When the U.S. entered the war in 1917, President Woodrow Wilson (1856-1924) appointed Hoover head of the Food Administration. Hoover encouraged Americans to reduce their consumption of meat and other commodities in order to ensure a steady supply of food and clothing for the Allied troops. Once the war ended, Hoover, as head of the American Relief Administration, arranged shipments of food and aid to war-ravaged Europe. He earned worldwide acclaim for his humanitarian efforts, as well as thousands of appreciative letters from people across Europe who benefited from the free meals known as “Hoover lunches.”

Hoover’s success earned him an appointment as secretary of commerce under President Warren Harding (1865-1923), and he continued in this position under President Calvin Coolidge (1872-1933). During the fast-paced modernization of the 1920s, Hoover played an active role in organizing the fledgling radio broadcasting and civilian aviation industries, and also laid the groundwork for the construction of a huge dam on the Colorado River between Arizona and Nevada. (Named for Hoover, the dam opened in 1936.)

The Great Depression

In the U.S. presidential election of 1928, Hoover ran as the Republican Party’s nominee. Promising to bring continued peace and prosperity to the nation, he carried 40 states and defeated Democratic candidate Alfred E. Smith (1873-1944), the governor of New York, by a record margin of 444-87 electoral votes. “I have no fears for the future of our country,” Hoover declared in his inaugural address. “It is bright with hope.”



Post-Presidential Years

The Depression worsened throughout Hoover’s term in office, and critics increasingly portrayed him as indifferent to the suffering of the American people. By the time of the 1932 presidential election, Hoover had become a deeply unpopular–even reviled–figure across much of the country. Carrying only six states, he was soundly defeated by Democratic candidate Franklin D. Roosevelt, the governor of New York, who promised to enact a slate of progressive reforms and economic relief programs that he described as a New Deal for the American people.

After leaving office, Hoover emerged as a prominent critic of Roosevelt’s New Deal programs. He wrote articles and books outlining his conservative political views and warning about the dangers of investing too much power in the federal government. Hoover returned to public service in the 1950s, serving on commissions aimed at increasing government efficiency for presidents Harry Truman (1884-1972) and Dwight Eisenhower (1890-1969). By the time Hoover died at age 90 on October 20, 1964, in New York City, assessments of his legacy had grown more favorable. Noting that after Hoover left the White House the Great Depression continued for eight more years despite Roosevelt’s active intervention, some historians have argued for a more sympathetic appraisal of Hoover’s presidency.

Hope this helps you out!




6 0
3 years ago
Based on the map co​
Margaret [11]

Answer:  

Letter A is correct. Brainstorming.

Explanation:  

Brainstorming is an activity that arises in a team meeting with the objective of enhancing the creation of ideas of a team or collaborator and debates that help in the accomplishment of a main objective. The advantages of including this technique in an organization are the motivation for creativity to develop new problem-solving ideas, and thus also have a positive impact on the organizational climate, as brainstorming drives the inclusion and interaction of teams.

3 0
3 years ago
Why did christopher columbus want to find a route to the indies?
bezimeni [28]
To get gold and slices,
4 0
2 years ago
During the 19th and early 20th century most of the largest cities in the united states were located in
I am Lyosha [343]
The greatest were in the Northeast.
8 0
3 years ago
Question 120 pts
kondaur [170]

Answer:

A

for the last one i think

7 0
3 years ago
Read 2 more answers
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