Why did herbert hoover cause the great depression.

Answers

Answer 1

Answer:

World War I created a demand on Iowa farmers to produce more, even when their sons and hired help were being drafted into the army. The government appealed to farmers’ patriotism and pocketbooks. “Food Will Win the War” posters went up everywhere. Even more important, the federal government guaranteed high prices on corn, wheat and livestock. Iowa farmers responded enthusiastically, increasing their herds, putting more acres under cultivation and investing in new equipment and facilities. And production did increase rapidly. So did the price of land.

That production capacity did not go away when the war ended in 1918. Farmers continued to produce record outputs. European fields were again coming under cultivation after the war and those countries needed to buy less from the United States. American agriculture surpluses began to build up. In May 1920, the federal government stopped guaranteeing high prices, and suddenly prices for farm goods plunged. Land prices did also, and those who had speculated in rising land values were caught unable to pay off their loans. Many rural banks that had financed those loans went bankrupt, and the Midwest began a decade of hard times. Farmers continued to produce surpluses and prices sank even lower. For Iowa, the Depression did not start in 1929 when the stock market crashed. It only got worse.

Herbert Hoover Faces National Crisis

Iowa-born Herbert Hoover was elected president in 1928 as a Republican. He had a distinguished career as a mining engineer and achieved international fame and respect in leading efforts to feed starving Europeans, especially children, after the war. In 1921, he started an eight-year career as Secretary of Commerce under Presidents Harding and Coolidge. Soon after assuming office, Hoover faced a national crisis. Almost half of American families engaged in agriculture at the time. When they did not have the money to purchase manufactured items, factories couldn’t sell their products and they laid off workers. This created a downward spiral because unemployed workers could not buy products either. The trouble spread across the entire economy.

In October 1929, the value of stocks on the New York Stock Exchange started a sudden downward slide that touched off panic among investors. As in land prices earlier, there had been speculation in stocks that exceeded the companies’ capacity to produce. Banks and financial institutions that had loaned money began to fail, and credit necessary to keep the economy moving became hard to acquire.

Through Hoover’s presidency, the situation was bleak and many blamed the president. Up to one-third of the work force was unemployed. More and more families were homeless, and many young people took to the road in the desperate hope of finding work. In Iowa, farm families had the advantage of large gardens and homegrown livestock but struggled to find the cash to pay their taxes and necessary purchases. City families struggled. Before this period, welfare programs were very limited and taking government assistance was seen by many as a disgrace.

Some farmers threatened with the loss of their farms and homes became desperate. Farmers in eastern Iowa opposed a state law requiring their dairy cattle to be tested for tuberculosis. They formed gangs to threaten veterinarians doing the testing. The governor had to provide special protection for the vets. In western Iowa, farmers were so angry with a judge who refused to promise not to hear cases of farm foreclosure that they dragged him out of the courtroom into the country and threatened to lynch him. They did not carry through but the governor had to call out the National Guard to restore order. Would the country collapse into chaos?

Explanation:


Related Questions

What was a carpet bagger during the Reconstruction Era? Where were they from?

Answers

Answer:

Carpetbaggers was the highly derisive name given to Northerners who went South after the fall of the Confederate States of America (CSA) seeking personal, financial gain or political advancement during the Reconstruction Era following the American Civil War

They were from the south.

Explanation:

Originally, carpetbaggers referred to a group of Northerners who moved to the South during the Reconstruction Period after the Civil War in the United States, which lasted from 1865 to 1877. Derogatory in meaning, the word, carpetbaggers, alluded to the low-priced, makeshift luggage of the post-Civil war days, which was fashioned from old carpets.

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How does the 4th Amendment protect citizens from government abuse?


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Answer:

people from unreasonable searches and seizures by the government

The 4th amendment protects a person privacy and protects the people from unorthodox searches of their personal property

What is the biggest earthquake in us history?.

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Answer:

Source: National Earthquake Information Center, U.S. Geological Survey.

...

The Largest Earthquakes in the United States.

1. RANK 1:

2. MAGNITUDE 9.2

3. DATE March 28, 1964

4. LOCATION Prince William Sound, Alaska

how did the European contact with the Americas impact the native populations

Answers

Answer:

didn't they come to the Indians land and told them they wanted they land

Explanation:

How many subway are there in the world

Answers

Answer:

Store/Food wise 41,600

but for real subways im not sure mane probably a couple 1,000 or hundred

Explanation:

What was a negative result of increased trade and interactions of cultures during the Middle Ages?
a.. It started the end of the feudal system
b.. It led to the spread of the Black Death which greatly reduced the population of Europe and Asia
c. It led to the increase of new inventions and scientic discoveries
d. It caused the Great Schism in the Roman Catholic Church​

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it caused the great schism in the roamn catholic

in 1954, which u.s. president changed the name of the holiday celebrated on november 11 to veterans day?

Answers

President Eisenhower did

What was the name of the volunteer cavalry unit led by Teddy Roosevelt in Cuba?

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Rough Riders

The most famous of all the units fighting in Cuba, the "Rough Riders" was the name given to the First U.S. Volunteer Cavalry under the leadership of Theodore Roosevelt. Roosevelt resigned his position as Assistant Secretary of the Navy in May 1898 to join the volunteer cavalry.

Hope this helps :)

Answer:

Rough Riders

Explanation:

The Rough Riders was the name given to the First US volunteer cavalry under the leadership of Theodore Roosevelt in Cuba.

How do the Lochner and Muller cases illustrate the ways the legal system treated women differently than men at this time?

Answers

Answer:

Muller v. Oregon, one of the most important U.S. Supreme Court cases of the Progressive Era, upheld an Oregon law limiting the workday for female wage earners to ten hours. The case established a precedent in 1908 to expand the reach of state activity into the realm of protective labor legislation.

or

A supreme court case decided in 1908 that pertained to the working hours of women. The court ruled in favor of Oregon, that these restrictions were legal under the state laws to protect women's health.

Explanation:

The Oregon legislation restricting the workday for female wage earners to 10 hours was maintained in Muller v. Oregon, one of the most significant U.S. Supreme Court cases of the Progressive Era.

What is the reason behind treating the legal system treated women differently?

One of criminology's most common and striking findings is that girls commit crimes and engage in juvenile delinquency at significantly lower rates than men.

The gender gap in law-violation is determined using data on arrests, convictions, self-reported crime, and victims' reports regarding offenders.

A 1908 ruling by the Supreme Court on a matter involving women's working hours. The court found in favour of Oregon, finding that these limitations were permitted by state statutes enacted to safeguard the health of women.

Thus, The Oregon legislation restricting the workday for female wage earners.

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It has been said that the success of the Silk Road may have ultimately led to its demise.
O True
O False

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True
True
True
True
True
The answer is, true

How has the way the Speaker of
the House works changed over time?

Answers

Answer:

Since Clay’s time, the role of Speaker of the House has become more complex as the size of government has grown and federal budget spending is projected to pass $4 trillion in fiscal year 2018.

What events were happening in the United States at this time that had unintended consequences leading to Confederation in British North America?

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Answer:  In June 1812, the United States declared war on Britain, already locked in combat with Napoleon's France. The resulting War of 1812 was fought largely on Canadian territory, especially along the Niagara frontier. The Americans were superior in numbers but badly organized. Good luck

Explain why understanding wind patterns
would better help early explorers travel.

Answers

They could discover the pattern of winds and currents that would carry them where they wanted to go.


Which of the following is an example of checks and balances within
our government?
A. The legislature has the power to táx people and borrow money.X
B. The legislature has the power to increase the number and
approve the appointments of Supreme Court Justices.
C. The President can set foreign policy.
D. The Supreme Court can interpret the Constitution.
E. The legislature can appropriate the budget.

Answers

Answer:

D

Explanation:

Checks and Balances is the way to make sure each branch of Gov. stays in line with power and the Judicial branch can interpret the constitution to see if any laws the executive or legislative want to pass are constitutional. If  the Judicial branch deems the said bill would be returned back

Compare the two images in the article. How do the images, taken together, illustrate the shift in thinking caused by the Scientific Revolution?

A. The first image shows the scientific approach to alchemy. The second image shows how scientific methods improved over time

B. The first image explains the theory behind alchemy .The second image shows the tools used in alchemy.

C. The first image shows the mythological thinking behind alchemy. The second image shows the scientific instruments used in early chemistry.

D. The first image shows an early understanding of molecules and atoms. The second image shows the tools used to conduct early experiments.

NO LINKS! MARK YOU THE BRAINLIEST!

Answers

Answer:

C. The first image shows the mythological thinking behind alchemy. The second image shows the scientific instruments used in early chemistry.

Explanation:

what country has the most nobel prize winners in literature?

Answers

Answer:

France

Explanation:

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a remembrance of what muhammad said or did is called

Answers

Answer:

The sunnat that all Muslims should follow

Explanation:

Answer my question plzzzzzzzz!
I will give Brainlest and points to the person who answers my question!!!!

Answers

Theme :-

■ Work hard to achieve good results

■ Don't take advantage of others

■ Don't procrastinate

Happenings :-

Here there are 2 children :- Tammy & Sammy. Both of them attended Mr. Morton's reading class. He wasn't too strict about deadlines. Seeing this, Sammy took advantage of this situation & didn't complete his homework on time. On the other hand, Tammy worked hard & stayed up a little in order to complete the homework because she knew that reading was an important virtue. One day they planned to visit an amusement park. Unfortunately it was on that day that Sammy's mother scolded him about not completing his homework. He had to struggle hard to finish it. Tammy however had a good time at the park. When the results came out, Tammy scored A while Sammy could only get C-. This story shows us how procrastination is not the best way to do things & how we must work hard to achieve good results.

Shorter Version :-

Tammy & Sammy are 2 students who attended Mr. Morton's class. Though he's lenient , Tammy still completes her work on time but Sammy doesn't. He took advantage of his teacher & because of this he couldn't go to the amusement park. He also scored low grades. Tammy went & enjoyed & scored an A for reading. So, we must work hard & not procrastinate.

_______

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who ruled china before the start of the ming dynasty?

Answers

Mongol-led Yuan dynasty was in rule before the establishment of the Ming dynasty.
Answer:

Yuan dynasty

Explanation

The Mongol-led Yuan dynasty (1271–1368) ruled before the establishment of the Ming dynasty.

The right to bear arms

Answers

Answer:

whats the question, it's a ammendment BTW

After Gaugamela, what were the TWO (note: TWO not three, I had students submitting three) main Persian cities on Alexander’s route?

Answers

I like Taco Bell and I get mad when my mom gets Burger King or McDonald’s

What was the purpose of the Article of Confederation? Use your knowledge from your reading and the quote from the Articles of Confederation below.


"... in the Second Year of the Independence of America agree to certain articles of Confederation and perpetual Union between the States ..."

A. To establish a judicial branch to interpret the laws.

B. To establish an alliance of states

C. To establish the U.S. Constitution

D. To establish an executive branch to enforce laws

Answers

Answer:

B: To establish an alliance of states.

Explanation:

After the American Revolution, the Articles of Confederation was formed to establish a stable government within the United States, and in order to do so, the articles served to establish a union among the states.

How were women represented in 1940s.

Answers

Answer:

Explanation:

women were seen as the ones who would need to work because of the war that was going on in that time.

Of what ancestry were most brewers in Ohio?

Answers

Answer:

i think it German immigrants

Explanation:

Identify and discuss a major source of conflict that led
to the American Civil War.

Answers

Answer:

causes of the Civil War

Slavery. At the heart of the divide between the North and the South was slavery

States' Rights. The idea of states' rights was not new to the Civil War

#1 Economics of Cotton. ...

#2 Slavery. ...

#3 State's Rights. ...

#4 Territorial Expansion of the United States. ...

#7 Bleeding Kansas. ...

#8 The Dred Scott Decision. ...

#9 Election of Abraham Lincoln as the President. ...

#10 Secession of the South from the Union.Explanation:

The romans combined many ideas from Greeks like mythology and architecture into their own the poet Virgil wrote the Aeneid and epic poem which was modeled on homers Greek epics the Iliad and the odyssey these are examples of

Answers

They all have ring-form composition and numerous divine interventions. The setting is about the same and talks about Greek mythology. The struggle is also the same in all of them: to rescue Helen, who is a Greek king from Troy. All of the stories are very similar.

What was one result of the treaty of paris, 1783? 8. 4c.

Answers

Answer:

In the Treaty of Paris, the British Crown formally recognized American independence and ceded most of its territory east of the Mississippi River to the United States, doubling the size of the new nation and paving the way for westward expansion.

The___________ was established as the border between the United States and Mexico

A: Río Grande River

B: Mississippi River

C: Rocky Mountains

D: Red River

Answers

Answer:

A hope it helps

Explanation:

The answer is A: Río Grande River
Be sure for 100% of my answer trust me you’ll pass

A thesis and conclusion on industry Revolution and imperialism began ww1 

Answers

Answer:

Mark me as brainliest

Explanation:

The immediate cause of World War I that made the aforementioned items come into play (alliances, imperialism, militarism, and nationalism) was the assassination of Archduke Franz Ferdinand of Austria-Hungary. The assassination of Ferdinand led to Austria-Hungary declaring war on Serbia

Under the Articles of Confederation, the national government had the power to
a. Tax
b. Regulate trade
C. Dissolve the states
d. Borrow money and declare war

Answers

Answer: The answer is D

Explanation:  The Articles of Confederation created a national government composed of a Congress, which had the power to declare war.  I don't know if they could borrow money but I do know they could declare a war so you can write D.

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