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.
<h2>Answer:</h2>
<u>The term "</u><u>Production possibility </u><u>Frontier" (or Curve) is a diagram showing the maximum amount of goods and/or services an economy can produce.</u>
<h2>Explanation:</h2>
The production possibility curves is a hypothetical representation of the amount of two different goods. This is a curve depicting all maximum output possibilities for two goods. In other words production possibility curve measures the maximum output of two goods using a fixed amount of input.
Mother: Mary Wollstonecraft
Father: William Godwin
Hope this helps! ;)
Answers:
- The Congress of Vienna
- They wanted to restore peace and stability in Europe
Explanation:
The Congress of Vienna was a gathering of leaders from the European nations that had defeated France and Napoleon -- and France was allowed representation also. (The French Minister of Foreign Affairs, Charles Maurice de Talleyrand-Périgord, had a role there. )
The delegates of the Congress of Vienna were interested in creating a balance of power in European politics. They did not want one nation to become too powerful again and press beyond its borders as France had done under Napoleon. The Congress of Vienna emphasized also the principal of "legitimacy" -- trying to put rulers in power that they thought to be the legitimate rulers of nations. (So, for instance, the Bourbon monarchy was restored in France.) They sought to prevent revolutions and unrest from breaking out again ... but it would only be a couple decades before further revolutions did occur.
