<u>These two quotes pronounced by President Herbert Hoover, express his viewpoint on the Great Depression</u> and his opinion about the different formulas adopted to overcome it:
- <em>"Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.
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- <em>"You cannot extend the mastery of government over the daily life of a people without somewhere making it master of people's souls and thoughts.… Every step in that direction poisons the very roots of liberalism. It poisons political equality, free speech, free press, and equality of opportunity. It is the road not to more liberty but to less liberty."</em>
Hoover became one of the main detractors of Roosevelt's New Deal which, based on Keynesian economics, fostered goverment interventionism in order to boost the depressed demand levels as the mechanism to create employment and economic growth. Such interventionism was materialized by increasing public spending.
In opposition, supporters of free markets and<em> laisez-faire</em> economic policies, such as Hoover, criticized this recovery plan because they believed that markets on their own would reach the most efficient outcomes and that the country would get innecessarily indebted. Moreover, they believed that the situation would be worsened by interventionist policies that hampered certain individual liberties.
The reason why the Peace Corps were established in 1961 was because they wanted to train local men and women to meet the needs of people in developing countries - A.
It was envisioned that trained soldiers from the US would go to deveoping countries and help their country develop into peaceful and stable countries.
This question is incomplete. Here's the complete question.
Phileas Fogg is a name synonymous with world adventure! Which statement below is false for the real-life inspiration behind this memorable character?
He was one of the first Americans to travel through the interior of Japan.
He traveled by train from Cleveland to San Francisco
He was born in Exeter, on the river Exe
He visited Baghdad
Answer: He was born in Exeter, on the river Exe
Explanation:
Phileas Fogg was the main character of the novel Around the World in Eighty Days (1872), by Jules Verne. This character was based on William Perry Fogg, a widely known American adventurer. William was born in Exeter, a town in Rockingham County, New Hampshire, in the United States; not on the city by the same name on the River Exe in England.
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<u>Anxiety</u> emotion is best describes the tenor of Europe after World War I. After World War I , Most of Europe's major economies were bankrupt, and people with anxious and stressed. The country was in big chaos.
<u>INTERPRETATION- </u>
After World War 1 conditions were chaotic in Germany and Eastern Europe. The map of Eastern Europe was redrawn several times in the next few years.
The French and the British were busily dividing the spoils of the war between them but still reeling from the enormous human cost of the War. The Victors still froze out Asia, the Middle East and Africa from benefiting from the peace. The colonial rule was not broken just adjusted.
The 1920s brought a world trying hard to forget the disaster that had just happened. There was recovery for a while then the depression of the 1930s brought hardship.
Germany's civil administration had been centered around the German Army General Staff during the War. The Government was taken up by a civilian democratic administration that had very little experience in democratic administration. War reparations, civil unrest, inflation, and great unemployment destroyed the German Economy. There was continued street fighting between Left and Right through the 1920s.
America was trying to mediate the Peace but President Wilson's health and idealism could not complete the task. The Peace was not ratified by Congress. America returned to isolation.
Over all the rise of the Ideologies on the left and right would set the stage for World War 2.
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