The depression in the 1930s was caused by excess expansion of creditduring the 1920s. This over extension by banks caused an unnatural disequilibrium in the money markets that initially caused a boom then a bust. Booms are sure signs of impeding busts when fueled by loseeasy credit.
I believe this is true. hope this helped
By using military force against its members
Further Explanation:
<u>The Bonus Army was known to be the group of around 43000 demonstration and many of these were veterans from world war 1 and they all gathered in Washington DC in the year 1932.</u> Their demand was to get cash redemption of their service in the US army as many of these veterans were facing a work shortage or were unemployed due to the great depression. They were given bonuses in the form of certificates post world war 1 and were given authority to redeem those certificates in form of cash till 1948 and they were demanding their cash long with interest in exchange for those certificates.
It was on July 28, 1932, that the Attorney general of the United States ordered the veterans to be removed from the government property but the Washington police department was met with resistance from these veterans and in this resistance, two veterans died. Post that, President of the United States during that time,<u> Herbert Hoover ordered the US army to take control over the situation and clear march’s campsite. </u>
<u>
</u>
Learn More:
1. To which branch of government does the power to interpret laws and apply the constitution to the law belong?
<u>brainly.com/question/988460
</u>
2. The national safety council reports that distracted driving leads to 16 thousand crashes each year.
<u>brainly.com/question/10517143
</u>
Answer Details:
Grade: High School
Chapter: Bonus Army
Subject: History
Keywords:
Bonus army, Herbert Hoover, Campsite, Washington DC, President, Veterans, Demonstrators, March, Certificates, Police.
Southeast region or Mid-Atlantic region
