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He didn't want to be shunned by the American economy, thus he hid inside his square office.

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13y ago

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What did Hoover think contributed to Europe's slow recovery?

Herbert Hoover believed that Europe's slow recovery after World War I was primarily due to the economic instability caused by the war, particularly the burden of reparations imposed on Germany and other Central Powers. He also pointed to the lack of effective international cooperation and trade barriers that hindered economic revival. Additionally, Hoover noted the political turmoil and social unrest in several European nations, which further complicated recovery efforts.


What kind of leader was hoover?

Herbert Hoover, the 31st President of the United States, is often characterized as a pragmatic and idealistic leader. His approach to governance emphasized individualism and self-reliance, believing that the government should play a limited role in economic affairs. However, his leadership during the Great Depression faced criticism for being inadequate, as he was slow to implement direct relief measures. Ultimately, his legacy is marked by a struggle to balance his principles with the pressing needs of a nation in crisis.


How did Hoovers belief that Americans should maintain their individualism affect his response to the Depression?

Oh, dude, so like, Hoover was all about that individualism vibe, right? So when the Depression hit, he was like, "Each man for himself, bro." He thought people should just like, figure it out on their own, which didn't really help the whole country coming together to deal with the crisis. Like, maybe a little teamwork could've been cool, but nah, he was all about that solo mission.


How did the American people respond to hoovers attempts to end the depression?

The American people's response to Herbert Hoover's attempts to end the Great Depression was largely one of frustration and disillusionment. Many felt his measures, such as the Reconstruction Finance Corporation and public works projects, were insufficient and too slow to address the widespread suffering. As economic conditions worsened and unemployment soared, protests and movements, such as the Bonus Army march in 1932, reflected growing anger towards his administration. Ultimately, Hoover's perceived ineffectiveness contributed to a significant loss of public confidence and his defeat in the 1932 presidential election.


During the Hoover administration several economic warning signs appeared Can you name them?

'm assuming you mean economic warning signs for The Great Depression. Hoover rejected the Coolidge-Mellon imperative to keep federal government out of active participation in the economy (Coolidge-Mellon imperative wanted direct involvement from the federal government in economics, their interference wouldn't have been a good thing). He stressed that businesses and labor unions should work to keep the economy functioning, but the continuing deterioration of conditions forced change (those conditions were, mass firings of personnel and businesses closing down, business didn't have money to even maintain all of their workers, forget about supporting entire industries). At the end of his administration, the people were tired of the horrendous work conditions, increasingly high unemployment rates and the country was a standstill from the bank crisis. Here are some economic warning signs: Wall Street Crash of October 1929: The bull market of the 1920s slumped sharply in October, touching off at a long slow decline that wiped out billions of dollars in paper profits. Hawley- Smoot Tariff June 1930: Hoover ignored the protests of more than 1,000 economists and signed the highest protective tariff measure in U.S. history. Widespread reciprocation followed as other nations demonstrated their displeasure. The Bank Crisis February 1933: Steadily deteriorating public confidence in the nation's banks reached crisis proportions shortly before Hoover left office. States attempted to slow runs on the by declaring "holidays" to provide breathing room for the threatened institutions.


Why does it take ages for boys to respond to girls texts?

because we type slow.


Why economic growth has been slow in past three decades in south Africa?

Why economic growth has been slow in past three decades in south africa?


Which of these actions of the Federal Reserve can slow economic growth?

you didn't put any choices but a sale of bonds or raising interest rates would slow economic growth.


What is more likely to be very slow to respond to stimuli animals or plants?

Planta


What ideas is at the heart of the ricardian system?

Economic growth will sooner or later slow down or stop altogether


Why were towns in the thirteen colonies so slow to respond after the declaration?

The reason as to why they were so slow is because news didn't travel fast enough. They didn't have the technology we do today, so it took longer to reach the towns. This is why they didn't respond very quickly.


Which economic term describes a period of slow economic growth that also has inflation?

Recession