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Economic Contraction
The Great Depression in the United States was part of a world wide depression in the developed nations of Europe. The "response" from Europe was to find ways to end the problem.
There were no government incentives for businesses.
Farmers tried to sell their farms but they was not able to sell them. The homelesses tried to find a job but they could not find any jobs. Suicide rates increased during the Great Depression.
Hoover
it changed
Economic Contraction
The Great Depression in the United States was part of a world wide depression in the developed nations of Europe. The "response" from Europe was to find ways to end the problem.
Government Economic policies did not lead to the great Depression. The Great Depression started out as a normal recession as part of a business cycle. However, bad government policies (e.g. protectionism) has worsened the recession and turned it into what we now know as the Great Depression.
Government Economic policies did not lead to the great Depression. The Great Depression started out as a normal recession as part of a business cycle. However, bad government policies (e.g. protectionism) has worsened the recession and turned it into what we now know as the Great Depression.
all business cycles correct themselves in time.
why yes but it went sucessful
There were no government incentives for businesses.
Hoover believed that government should not interfere in business cycles. At the time, there were few US laws that could be used to prevent the downward spiral that brought on the Great Depression.
Farmers tried to sell their farms but they was not able to sell them. The homelesses tried to find a job but they could not find any jobs. Suicide rates increased during the Great Depression.
medical fields, repair shops, educational services, public transportation
Hoover