Answer:
Yes, the use of credit is still as dangerous now as it was in the 1920s. This is due to the average U.S. household carrying $15,762 in credit card debt alone.
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.
At first the Goose Creek men dealt mainly in Indian slaves, while later the deerskin trade dominated. Several colonial governors were Goose Creek men, such as James Moore<span> and </span>Robert Daniell<span>. </span>
The Pinckney Treaty, officially called the Treaty of San Lorenzo, was signed by the United States and Spain on October 27, 1795, to end a dispute between the two countries over land settlement and Mississippi River trade.
(hope this helps)
Espero que te ayude!
Pedro Juan Caballero, Dr. José Gaspar Rodriguez de Francia, Mariano Antonio Molas, Fulgencio Yegros, Vicebte Ignacio Iturbe, y otros.
