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Pls check my answers How did the Great Depression begin

• Investors began to worry the boom would end and began selling stocks
• investors paid back their loans too late to help the economy
• people were not willing to sell their stock **
•farmers had to sell stock to pay for equipment

Which of the following is an example of what people experienced during the Great Depression?
• More Americans sent their children away from home to get an education
• People cut their dining out and movies to only once a week
• Millions became jobless, and many lost their homes **
• People were able to live off their savings through the Great Depression

Which of the following best summarizes Hoover's initial response to the Great Depression?

• He believed the government should provide jobs for all Americans
• He believed people should have invested more wisely ??
• He believed private charities would meet all the needs of the poor
• He believed in limited government intervention

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maddiem26
another big factor of the great depression was "over production and under consumption" so people didn't buy as many things as the companies were making, causing them to fire workers, so then those without jobs would save their money instead of spending it, causing lost profit and more layoffs (a big circle of loss) also the rumors that the banks weren't going to give people their savings so everyone ran to pull their accounts at once after the stock market crash. the second question seems good. the last one seems good too, hoover just thought the great depression was a passing recession and didn't feel the need to have the government intervene

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