Hoover blamed the Depression on foreign economic collapse over which he had no control. Major European banks went bankrupt, causing alarm in other foreign banks. Great Britain went off the gold standard. The Bank of England no longer redeemed its paper money in gold bullion or coin. Investors feared that all paper money would lose its value so they withdrew $1.5 billion in gold from American banks. This further weakened the global economic situation.
While not believing in charity by the government, Hoover did try and help the economic mess that began during his administration. He gave much of his money to charity and encouraged Americans to do the same. He broke with Republicans and did away with the taxes that had been placed on citizens during the Coolidge administration. He thought that would allow for more income being spent to help the economy rebound. He spent $500 million a year on public works and government programs to build or improve government properties. The most famous was the Hoover (Boulder) Dam. Congress established the Reconstruction Finance Corporation (continued by FDR) which created an agency to help banks, railroads, and other key businesses to stay in business thus helping the economy. All of these things could not stem the tide of the economic collapse and they could not be blamed on one man. The policies of the administrations following World War I led to the Great Depression.
FDR's Fireside Chats provided confidence and reassurance to many. The President used his radio messages to calm the fears of the people and to explain what the government was doing. The messages gave the public confidence in their government and the feeling that there was someone in charge who was actually trying to help.
The Stock Market Crash of 1929, had a domino effect when one incident knocked over the other making the entire economy to crash.
The President of the United States can not declare a war, this power was given to Congress in Article 1, Section 8 of the U.S. Constitution. The President has the ability to commit troops to action via the War Powers Act.
The Great Depression affected Europe in many ways because it began a decade of high unemployment rates, poverty, and lost opportunities for personal advancement and economic growth.
WikiAnswers will not write your paragraph for you, but we WILL help you learn how to do it yourself! Click on the Related Questions for even more information. Write sentences the way you speak - just pretend you are telling this to a friend, and write down what you would say. What would you tell them about this topic? Look up some facts! How would you explain the depression to your friend? What does the great depression mean to you? If you just start writing, you will be through with your assignment before you know it!
Psychology plays a crucial role in understanding, diagnosing, and treating depression. Psychologists can help individuals identify triggers, develop coping strategies, and challenge negative thought patterns contributing to depression. They also utilize various therapies such as cognitive-behavioral therapy to help individuals manage their symptoms and improve their quality of life.
if u use this ur dumb
They don't.
Please explain.
Seligman expanded his theory of learned helplessness to explain how people develop depression and anxiety when they perceive a lack of control over their environment. He suggested that individuals who experience repeated instances of helplessness develop a pessimistic explanatory style, which can contribute to the development of these mental health issues.
Explain why the American public liked President Kennedy.
A giant boat
If anxiety and depression are correlated, there are three possible directions of causality. These are anxiety causes depression, depression causes anxiety, and there is an environmental stimuli that causes both anxiety and depression.
Nah he wildin.
As you can see I own a keyboard
Politics is when president people talk about president stuff
The purpose was to let the world know that the American colonies were now independent of Britain and to explain why they were justified in revolting from their former king.