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27-06-2024
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Herbert Hoover was elected president in 1928. The stock market crashed in October 1929, sending the nation into a depression.

Write a two-paragraph essay explaining the economic and political policies of Herbert Hoover during this period. Be sure to include information on both the agricultural and business aspects.

Answer :

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27-06-2024

Final answer:

The stock market crash of 1929 led to the Great Depression, criticizing Hoover's limited government response and paving the way for Roosevelt's more interventionist approach.

Explanation:

Speculation and debt in the stock market led to the crash in 1929, impacting both agricultural and business sectors. This crash caused the Great Depression, intensified by factors like banking failures, declining consumer demand, and international issues. Hoover's administration's response to the economic turmoil was criticized for limited government interference but also included attempts to expand government involvement, which failed. Roosevelt's election in 1932 marked a shift towards government intervention with the

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