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Which was not a source of weakness in the US economy during Herbert Hoover's presidency?
One significant factor that was not a source of weakness in the US economy during Herbert Hoover's presidency was the overall industrial productivity. Although there were severe issues like bank failures, high unemployment, and plummeting stock prices, industries were still capable of producing goods efficiently prior to the Great Depression's full onset. This productivity would later be impacted as the economic crisis deepened, but it was not a direct weakness during Hoover's early years in office.
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What helped the weakness in the economy in the 1920s?
Easy credit helped hide the weakness in the economy in the 1920's.
What helped hide weakness in the economy in the 1920s?
Easy credit helped hide the weakness in the economy in the 1920's.
What helped hide the weakness in the economy in the 1920?
Easy credit helped hide the weakness in the economy in the 1920's.
What helped hide the weakness in the economy in the 1920's?
Easy credit helped hide the weakness in the economy in the 1920's.
Why did herbert hoovers policie fail to solve the countries economic crisis?
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.
How did herbert hoovers beliefs about business and government affect the economy?
Herbert Hoover believed in limited government intervention in the economy and upheld the principle of voluntary cooperation between businesses and government. He thought that the economy would self-correct through market forces, leading him to resist direct federal assistance during the Great Depression. This approach contributed to prolonged economic hardship, as his policies were insufficient to address the scale of the crisis, ultimately leading to a loss of confidence in both the economy and the government’s ability to manage it. Consequently, Hoover's beliefs hindered timely intervention that might have alleviated some of the economic suffering.
How did Franklin roosevelt presidency transform the government?
his presidency increased the role of government in the American economy
What is the weakness of sudans economy?
it is harder too controll
What weakness existed in the economy in 1920?
Some of the industries were in trouble.
What was true about president hoovers political platform in 1932 presidential election?
President Hoover called for a minimal government role in changing the economy.
Describe the main strength and weakness of a traditional 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.
As a result of the weakness of the confederation government?
The result of the weakness of the confederation government was a disorganized economy that lacked the ability to pay for itself.
