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Easy credit helped hide the weakness in the economy in the 1920's.
Easy credit helped hide the weakness in the economy in the 1920's.
Easy credit helped hide the weakness in the economy in the 1920's.
Easy credit helped hide the weakness in the economy in the 1920's.
His Smoot-Hawley Tariff law resulted in declining American exports because foreign countries responded to it by raising their own tariffs. His belief that the Government shouldn't intervene in the economy worsened the crisis.
his presidency increased the role of government in the American economy
it is harder too controll
Some of the industries were in trouble.
President Hoover called for a minimal government role in changing the economy.
A traditional economy is an economy based on custom and tradition.The main strength is each person has job. There is less crime. There is no over consumption and surplus.The main weakness is they are poor. There is no innovation or it is not valued.
The result of the weakness of the confederation government was a disorganized economy that lacked the ability to pay for itself.
Herbert Hoover