It all started in 1929 with the Stock Market Crash. It lasted ten years, and during that time Hoover took office. The depression worsened due to the increase in federal spending, which was cut to keep the budget balanced. The Monetary Policy was put in place to prevent the Depression from happening but, it ended up failing. A central bank and currency board are all under a process of monetary authority. Monetary conditions were very tight and are thought to have been the reason for the fall in prices and supply of money. President Herbert Hoover tried very hard to use volunteering to raise money as well as control businesses and
It all started in 1929 with the Stock Market Crash. It lasted ten years, and during that time Hoover took office. The depression worsened due to the increase in federal spending, which was cut to keep the budget balanced. The Monetary Policy was put in place to prevent the Depression from happening but, it ended up failing. A central bank and currency board are all under a process of monetary authority. Monetary conditions were very tight and are thought to have been the reason for the fall in prices and supply of money. President Herbert Hoover tried very hard to use volunteering to raise money as well as control businesses and