I believe the answer is England? because that was the year the Norman Conquest was led by William the Conqueror.
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.
Answer: Balance of the tax system and public spending and progress in the field of science and technology.
Explanation:
The period after the Second World War meant an extremely difficult economic situation in the world, except in the United States. That is primarily the result of the suffering caused by the Second World War. According to many historians, the United States has never had such a stable economy before in history. Enormous credit certainly belongs to President Eisenhower's administration, which led to a perfect balance in the tax system and public spending in the country.
The economy has benefited tremendously from the growth of consumption at all levels, and the whole story includes a large number. The country's economic rate increased by an incredible 37%, and the purchasing power of the average American family before the end of the 1950s was higher by 30%. It is very important to note that it was the period of the Cold War that led to advances in technology and science. In such circumstances, the quality of life in the country will inevitably improve.
The Great Pyramid of Giza was built as the tomb of Pharaoh Khufu. It is part of a complex of 3 large pyramids in the Giza Necropolis located in modern Cairo, Egypt.
I think you forgot to give the options along with the question. I am answering the question based on my research and knowledge. <span>In a free enterprise system, government address public problems through policy to ensure that citizen's needs are met and protected. I hope the answer has helped you.</span>
