THE ROARING 20S 1920 1929
AMERICAN POLITICS IN THE 1920S
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
One way in which the economic principles of Republican presidents Warren G. Harding and Calvin Coolidge were similar is that both believed that government should
|
|
raise income taxes
|
|
|
provide relief payments to unemployed workers
|
|
|
limit its regulation of business activities
|
|
|
purchase surplus farm products
|
Explanation:
Detailed explanation-1: -Andrew Mellon, a successful banker and industrialist, was secretary of the treasury under President Harding and the chief architect of economic policy.
Detailed explanation-2: -What role did credit play in the American economy in the 1920’s? 1920s credit helped businesses and corporations boost their profits and sales. When the stock market crashed, the excessive credit that was issued forced the consumers into poverty. As a result, businesses failed.
There is 1 question to complete.