Hoover was an economic conservative, and did not believe in federal intervention in the natural cycles of the economy. It is worth noting that the thought the Depression would be much shorter than it turned out to be. He was also fearful of establishing a permanent situation in which the economy was dependent upon the government, especially with regard to welfare programs.
Hoover's fear was that the country would be permanently weaker if welfare programs were introduced, or if the federal government became overly involved in the banking system. Towards the end of his administration, as the Depression dragged on, Hoover conceded a bit on this point, and introduced some Federal lending programs to bail some financial institutions. The answer is A.
to increase profits for European colonists.
Answer: it decreased the number of merchants?
Explanation:
The answer is a. Trade with other Asian nations
was a large reason for industrialization in Japan. Japan was now
entering a phase of modernization. It
was now making a shift to trade with other countries to boost its economy.
