Asked by
Zhexiang Huang
on Dec 11, 2024Verified
Which of the following contributed to the severity of the Great Depression?
A) The substantial budget surpluses run during the Hoover administration.
B) A sharp increase in tariff rates in 1930.
C) The large reduction in tax rates under the Hoover administration.
D) A highly expansionary monetary policy followed by the Fed in the late 1920s and early 1930s.
Hoover Administration
The U.S. presidential administration of Herbert Hoover, serving from 1929 to 1933, noted for its handling of the early stages of the Great Depression.
Tariff Rates
Tariff rates refer to the taxes imposed by a government on imported goods, affecting their price and ultimately impacting international trade.
Monetary Policy
Actions taken by a central bank, currency board, or other regulatory authorities to control the supply of money and interest rates in a country, aiming at managing economic growth and stabilizing the currency.
- Acquire knowledge of the main factors that contributed to the worsening of the Great Depression.
Verified Answer
TW
Learning Objectives
- Acquire knowledge of the main factors that contributed to the worsening of the Great Depression.