Question

How did the presidents above contribute to the prosperity of the 1920s?
A.
They carried the ideals of the Progressive era into the 1920s and regulated industry.
B.
They opened new markets for American products overseas by employing "dollar diplomacy."
C.
They were largely inactive and allowed businesses to grow unregulated.
D.
They invested large sums of American tax dollars giving incentives to business owners.

Answer 1

Answer:

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Explanation:

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Answer 2

C. The presidents Warren Harding, Calvin Coolidge & Herbert Hoover were largely inactive and allowed businesses to grow unregulated

Explanation:

• Presidents Harding and Coolidge's economic reforms added a great deal to strengthening the depression of 1920-22. Entrepreneurship had also grown and 'new industries, never listed before in previous censuses, including vehicles, telephones, telegraphs, and chemicals had been identified.
• The spending, tax and debt reduction policies of President Harding & Coolidge had also seen budget surpluses return and an end to double-digit unemployment from 1920-1922 's depression.
• With little coordination by the government, Hoover trusted in the effectiveness of individualism and business to cure all problems. He envisioned a world in America with limitless prosperity and the eventual end of suffering. The economic bubble of Hoover in the late 1920s mirrored the rise in credit to a risky degree, even on the stock market. which rose to record high levels.
• Government scale remained very small and government spending rose at the same time, resulting in greater economic stability and growth. Dangerously high levels of credit, together with excessive stock market speculation, resulted in a 1929 stock market crash. This plunged the economies of the country into the Great Depression in the 1930s.