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The 1930s. The Good Times… END . What problems if the American economy were exposed by the Market Crash and the Great Depression ? Tariffs War debt policy Farm crisis Buying on credit Unequal distribution of wealth. Hoover FAILS to respond adequately…. Believed…
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The Good Times… END • What problems if the American economy were exposed by the Market Crash and the Great Depression? • Tariffs • War debt policy • Farm crisis • Buying on credit • Unequal distribution of wealth
Hoover FAILS to respond adequately… • Believed… • The economic “slump” would heal on its own • Rugged Individualism • Individuals take care of themselves, No direct GOVT aid to people • Government could help groups come together to come up with solutions, but would not make those decisions
America vs. Forces of Nature • Overuse of soil=erosion of topsoil • Years of draught caused crop failures • Floods came because the parched land could not absorb the waters • Boll Weevil destroyed cotton