Changes

Hoover turned the 1929 stock market crash into an international economic disaster.

Hoover turned the 1929 stock market crash into an international economic disaster.

* ... the Hoover interventions include: expanded [[public works]], greater [[government control]] over agriculture, the [[Smoot-Hawley tariff]], a virtual end to [[immigration]], [[government loans]] for construction and other businesses ...  Most important was Hoover's pressuring businesses to not cut wages even as the prices of their output fell.  The result was higher real wages, which were responsible for the [[unemployment rate]] topping out at 25 percent, causing the greatest human toll of the [[Great Depression]]. [http://www.thefreemanonline.org/headline/fdr-advisers-knew/]

* ... the Hoover interventions include: expanded [[public works]], greater [[government control]] over agriculture, the [[Smoot-Hawley tariff]], a virtual end to [[immigration]], [[government loans]] for construction and other businesses ...  Most important was Hoover's pressuring businesses to not cut wages even as the prices of their output fell.  The result was higher real wages, which were responsible for the [[unemployment rate]] topping out at 25 percent, causing the greatest human toll of the [[Great Depression]].<ref>[http://www.thefreemanonline.org/headline/fdr-advisers-knew/]</ref>

{{Hoover free markets}}

{{Hoover free markets}}