A rising stock market signals investor confidence, as buying activity pushes up prices. When stocks rise, people invested in the equity markets gain wealth. Increased wealth often leads to increased spending, as consumers buy more goods and services when they're confident they are in a financial position to do so.
Answer: Banking System Audit, Federal Aid Administration, Public Works Administration.
Explanation:
- As the economic crisis has caused the collapse of the entire financial system, the banking sector has also been hit. The savings of the Americans were questionable if the banks ultimately failed. Hoover has ordered Congress to set up a commission to oversee the entire banking sector. More than ten thousand banks have gone through that audit. The move turned out to be good, as people's savings of up to five thousand dollars were secured. So by this figure, the savings were sure to restore Americans' confidence in the banking system.
- Harry Hopkins headed the Federal-Aid Board. This agency sent funds to the emptied local relief agencies. $ 5 million was issued in two hours. Hopkins believed that people should be allowed to work, not to give alms. His program also funded public works programs. The result of this program is the resuscitation of many assistance programs.
- The goal of this program was to rebuild the country's infrastructure. This meant rebuilding roads, bridges, and public spaces. The effectiveness of this program has proven to be successful, given that around 4 million people are employed through this program. In this context, we can also mention the Corps of Public Goods. About 2.5 million unmarried men are employed through the corps of public goods on afforestation, maintenance of parks and beaches.
Answer:
<em> The acts of Parliament had much to do with </em><em>the taxes on the colonies for the purpose of raising revenues.</em>
Explanation:
They decided that there should be several types of taxes to increase the revenue of the government. They think it was the right of the parliament to do so.
The British parliament believed in the taxation process. Taxes were imposed on and necessity goods. Slowly it hijacked the market and the distribution of income was not equal in the society.
