QUESTION IMAGE
Question
- did president hoover agree or disagree with president coolidge?
- what were two signs of trouble in the economy not related to the stock market?
- did the economy appear good or bad in the summer of 1929?
Brief Explanations
- For question 12: Hoover agreed with Coolidge's pro-business, laissez-faire economic approach, as both favored limited government intervention in the economy.
- For question 13: Two non-stock market signs of economic trouble were struggling agricultural sectors (farmers faced falling crop prices and high debt) and uneven wealth distribution (most wealth was concentrated in a small percentage of the population, limiting consumer spending for most Americans).
- For question 14: On the surface, the economy appeared good in summer 1929—urban areas had rising consumer spending, industrial production was high, and stock prices were still climbing, masking underlying weaknesses.
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- President Hoover agreed with President Coolidge.
- 1. Struggling agricultural sector (plummeting crop prices, farmer debt)
- Severe uneven wealth distribution (most wealth held by a small elite)
- The economy appeared good in the summer of 1929.