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.
Answer:
C.) The Columbian exchange
Explanation:
It is called the Columbian exchange to the process occurred between the fifteenth and sixteenth centuries in which agricultural products and other foods of the New World (the American continent) in the Old World (Europe, Africa and Asia) and vice versa were made known. A broader definition also includes technological advances, demographics and even diseases. The term was coined by the American historian Alfred Crosby in 1972 in his book The Columbian Exchange
Answer:
D. The Supreme Court refused to get involved in fear of disrupting the balance of power
Explanation:
On the contrary, the Supreme Court <u>DID</u> get involved and ordered him to deliver tape recordings and other subpoenaed materials to a federal district court.
Answer:
A. 2005
B. 2007
and
C. Did not change dramatically
Explanation:
Just took it. Edg 2021. Hope this helps :) (Smileys name is George, George says hi)
