The national debt grew rapidly
<span>Such bonds are called
"agency bonds".
</span>
U.S. Treasury
and municipal
bonds are those which are guaranteed as opposed to the agency bonds
which are issued by a government agency. Some examples of such
agencies are like Fannie Mae, Freddie Mac, Sallie Mae and the Federal Home Loan Banks.<span>
</span>
However, Hoover's response to the crisis was constrained by his conservative political philosophy. He believed in a limited role for government and worried that excessive federal intervention posed a threat to capitalism and individualism. He felt that assistance should be handled on a local, voluntary basis.
Answer:
there peace is present and business development increase
