What economic factors and conditions converged in the late 1920s

Asked by maham237 @ 25/12/2020 in History viewed by 252 People

What economic factors and conditions converged in the late 1920s to plunge the nation into the Great Depression?
Why did President Hoover’s response to the Great Depression fail?

Answered by maham237 @ 25/12/2020

#1 farmers piled up debt, over produced food causing prices to fall.
industry produced more than was bought, many items bought on credit
disparity in wealth; few getting wealthy and not spending enough to match the production output
prices declined, people panis and sold stock and took money out of the banks

#2 in beginning, had a hands-off policy
then adopted a volunteerism policy but business and labor did not work together
local and state governments did not have resources to help people on a local level
created RFC to get loans to businesses but funds did not trickle doen to citizens
unemployment and homelessness high
Hoover did not reaction quickly enough and relied too much on local, state, and private efforts to fix the economic problems

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Write two paragraphs to compare and contrast the narrators’ schools and explain how their schools shape their perspectives toward the hijab. cite evidence from the text to support your ideas.

Asked by evette57 @ 13/09/2022 in History viewed by 1627 persons

What economic factors and conditions converged in the late 1920s

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