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Topic: |
Business
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Number of pages / Number of words: |
4 / 907 |
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They wanted to slow the investments to a pace more appropriate to the economic decline. However it did not work and the stage was set for a major market correction. In 1929 the panic began when at the first sign of correction, traders panicked and began selling their stock, fueling the market crash ...
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President Herbert Hoover was the last of the republicans presidents who believed in small government. In November of 1929, President Hoover stated "Any lack of confidence in the economic future or the basic strength of business in the United States is Foolish".(5) The president and Congress's response were to raise tariffs to protect American industries, but this action proved to hurt farmers and international trade...
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