<u> B) waiting for the economy to come out of the Depression </u>
Soon after the American President Herber Hoover took office in 1929, the U.S. stock market crashed and the Great Depression started in the U.S., affecting severely its economy and American families.
<u>Hoover was harshly criticized for not recognizing the severity of the situation and for not undertaking enough measures to address the crisis.</u> As a conservative politician, he believed that too much federal intervention was a threat to capitalism and individualism and instead, he promoted the idea that it was states and people themselves who had to provide relief to struggling people.
Yes, the federal government responded to the great recession of 2007-09.
<u>Explanation:
</u>
The United States endured the most serious post-war depression between December 2007 and June 2009.
The economic crisis of 2007-09 was long enough to call itself the "Great Recession" and accompanied by a lengthy and exceptionally slow recovery. The financial crisis was deep and severe enough.
The subsequent recessions have been followed by two types of policy mechanisms: monetary and fiscal.
Monetary policy is used to preserve low-interest rates and reduce unemployment both during and after depression, which is the Act regarding the Federal Reserve
.
Answer:
A. The cycle of boom and bust devastated the economies of boom towns, and few survive today.
Explanation:
Answer by YourHope:
Hi! :)
Which of the following statements was NOT true about to the American War of Independence?
A. The British navy seized the ports of Pensacola (Florida) and Mobile (now
Alabama, then Florida) and was making plans to attack New Orleans!
:)
