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Q: What president is responsible for the downturn in the economy?
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President Hoover expected the Reconstruction Finance Corporation to .?

President Hubert Hoover expected the Reconstruction Finance Corporation to energize the economy and help the Stock Market poll out of its downturn. The Corporation was a huge disappointment.


What is panic of 1857?

a sudden downturn in the economy of the us. Over 5,000 buisnesses failed within a year. This happened when James Buchanan was president.


What is global economic downturn?

When the globalized economy, the economy of all countries, are in negative growth.


Why was Germany particularly susceptible to a downturn in the economy?

With Germany still being a rather large manufacturing power in the world, they began to have a serious lack of manufacturing orders. This made them particularly susceptible to a downturn in the economy.


How has the economy affected recent Toyota sales?

Toyota has been affected by the economy. Just as the economy had a downturn so has sales from Toyota. Toyota's sales are reflective of the current economy.


What powers does the president have durning a great depression?

Unlike war, the powers of the president do not change in an economic downturn. If you mean what can the president do that directly affects the economy, the main thing would be declare a bank holiday, which FDR did to stop the run on the banks. After the creation of the FDIC the runs on the banks were not needed as money was insured by the federal government. The person who really controls the economy especially during an economic downturn is the Federal Reserve chairman, in this case Ben Bernanke. He or she can raise or lower interest rates in order to increase the money supply or restrict it depending on what is need.


Why was a severe downturn in oil prices during the earlys detrimental to the soviet economy?

It was an oil-exporting nation


Is responsible for keeping a close watch on the economy and keeping the president informed of economic developments and problems?

Council of Economic Advisers


How did chirac affect the French economy?

Jacques Chirac is the second-most serving president of France. He did affect the French economy positively thanks to his socially responsible economic policies.


How can you use the word economies in a sentence?

Many believe that our economy is recovering from its latest downturn.


Why was a severe downturn in oil prices during the early '80s detrimental to the Soviet economy?

It was an oil-exporting nation


What caused republicans to gain power in congress in 1938?

whoever said soo woo SOUND DUMB, its cuhh blood c;