Ask Question
HistoryHistory
25 April, 02:06

1. What economic factors and conditions converged in the late 1920s to plunge the nation into the Great Depression?

2. Why did President Hoover's response to the Great Depression fail?

+2
Answers (2)
  1. 25 April, 02:08
    0
    hoover bought hoovervilles and raised the price on incoming goods.
  2. 25 April, 02:18
    0
    1.) - Too much food without anyone to buy it

    -Wealth is distributed unevenly

    -Easy credit-everyone can get it and cant pay it back

    -Stock market crash

    2.) It was based on Protectionism, Hoover's response to the Great Depression was the Smoot-Hawley tariff which rose tariffs on over 20,000 products. This measure led to retaliation from foreign countries especially from Europe and they rose their own tariffs on their American imports, the American economy was hit back and it explains why Hoover's policy failed.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “1. What economic factors and conditions converged in the late 1920s to plunge the nation into the Great Depression? 2. Why did President ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What organization made up of Hindus and Muslims pushed for Indian independence after World War I? A. The Indian National Congress B. The Pakistan Compact C. The Indian Independence Party D. The Gandhi Initiative
Answers (1)
Khubilai discouraged the Mongols in China from doing what? Returning to Mongolia Harming Chinese citizens Marrying the Chinese Learning to read Chinese
Answers (1)
4. What is the national animal of Pakistan? 1. Peacock 2. Markhor 3. Loin
Answers (2)
What role did the Israelite's relationship with God play in the formation of its nation? A. It taught them the eight noble truths and the eightfold path. B. Their relationship united them and provided laws they used to govern themselves. C.
Answers (1)
The Western Church claimed authority over the Eastern Church because the Pope? a. wanted the Eastern Church to remain Christian. b. wanted the Eastern Church to move to Rome c. believed he had power over both churches d.
Answers (2)
New Questions in History
Which of the following leaders negotiated a treaty in 1794 to end trade conflicts between the United States and Great Britain?
Answers (1)
How did the Soviet policy of perestroika contribute to the breakup of the Soviet Union? O A. It allowed the United States to economically dominate the Soviet Union. O B.
Answers (1)
How did dual federalism collapse in the great depression?
Answers (1)
In 1886, the end of formal war between the united states and the american indians was marked by the surrender of
Answers (1)
For what is amenhotep IV famous
Answers (1)
Home » History » 1. What economic factors and conditions converged in the late 1920s to plunge the nation into the Great Depression? 2. Why did President Hoover's response to the Great Depression fail?
Sign Up Forgot Password?