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Question
mike kubc is a former correspondent for newsweek magazine. in this article, kubic explores the ups and downs of the 1920s, an exciting time following the united states success in world war i. unfortunately, the good times couldnt last; in the early 1930s the united states experienced an economic crisis that starkly contrasted the fast lifestyles citizens experienced during the 1920s.
as you read, identify the possible factors that contributed to the united states economic crisis of the 1930s.
\it was the best of times, it was the worst of times,\ wrote charles dickens in his classic the tale of two cities. the same could be said about \the roaring twenties,\ the post - world war i decade when americans experienced some of their best years, as well as some of their worst. it was a period when they reveled in the high jinks of
assessment questions
- what connection does the author draw between government leaders and the great depression?
a. despite his many efforts, hoover was unable to undo the effects of hardings and coolidges deregulation of financial practices.
b. capitalists ignored hardings and coolidges recommendations for regulating the economy so they stopped intervening.
c. hoover was not aware of the debt and greed of capitalists and did not know how to successfully prevent an economic crisis.
d. even though hoover predicted that debt would cause difficulties for americas economy, he did not believe it would end americas prosperity.
To solve this, we analyze each option:
- Option A: Harding and Coolidge had deregulated financial practices. Hoover tried but couldn't reverse their effects, which connects government leaders (Harding, Coolidge, Hoover) to the Great Depression (caused by unregulated financial practices leading to crisis).
- Option B: The article context is about government leaders' policies, not capitalists ignoring recommendations. Harding and Coolidge were for deregulation, not regulation, so this is incorrect.
- Option C: The question is about the connection between government leaders (multiple, not just Hoover's awareness) and the Great Depression. This focuses only on Hoover's lack of awareness, not the connection to previous leaders, so incorrect.
- Option D: This focuses on Hoover's prediction about debt, not the connection between multiple government leaders (Harding, Coolidge, Hoover) and the Great Depression's causes related to deregulation, so incorrect.
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A. Despite his many efforts, Hoover was unable to undo the effects of Harding’s and Coolidge’s deregulation of financial practices.