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.
The Genetic Information Nondiscrimination Act of 2008.
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Here's the order:
- Ptolemy's map of the world
- the first school of oceanic navigation
- Portuguese caravels with triangular sails
Details:
Ptolemy (ca. 100-150 AD) was an astronomer, mathematician and geographer in the Roman Empire era. Ptolemy's map of the world was a map based on descriptions in Ptolemy's book, <em>Geography, </em>which dates back to around the year 150 AD.
Prince Henry the Navigator started the first school for oceanic navigation at Sagres, Portugal, for training in navigation, map-making, and science. The date of founding of the school (and even full details about it) are a bit uncertain, but it seems to have been established in about 1418. Prince Henry was called "The Navigator" because of his strong support for sending out ocean exploration voyages.
Caravels were developed by the Portuguese around the middle of the 15th century (around 1450). These more agile ships were better suited to ocean sailing than previous ship models used in the calmer waters of the Mediterranean Sea.
