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?

Question

History

Aldo Doyle

5 April, 01:09

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?

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Answers (2)

Know the Answer?

Jorge Palmer · Answer 1

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.

Meredith Randall · Answer 2

hoover bought hoovervilles and raised the price on incoming goods.

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?

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?