<span>Many Americans were exposed to the ideas of the federalists by the "Federalist Papers". These papers, which consisted of a set of articles, were written by Alexander Hamilton, James Madison and John Jay, although they originally didn't publish these articles under there own name. The articles were published in journals across New York. The articles were later bundled and were called the "Federalist Papers".</span>
<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.
<em>C. Industrial Revolution.</em>
Explanation:
The combination of resources, improved transportation and technological breakthroughs all led to the Industrial Revolution. This was a huge part of growing America and cultural changes occurred.
The biggest impact the Industrial Revolution had was in the North, as the North was not as focused on agriculture as the South and the West. The North started booming with industries and factories, causing many people from other parts of the United States and even immigrants to try to get jobs.
Many resources and minerals were being found, which helped to fuel factories and transportation. Railroads were starting to be created all over the country, which made selling and buying a lot easier. New technology was being invented, both in the South and the North.
Since Germany embarked on a deadly game, the United States entered World War I. Many American merchant ships across the British Isles were sunk by Germany, causing the American entry into the war.
