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What does president hoover imply as the reason why america's system was better than russia?

User Erikfas
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Answer:

President Hoover implies the reason why America's system was better than Russia's was due to capitalism. He states that although both America and Russia have similar natural resources, America has been more prosperous due to freedom of initiative, which is a cornerstone to capitalism. At the beginning of the passage he compares countries that do not allow that, have lower standards of living and the people become depressed under a government controlled economy. He is explaining why he thinks the government should directly bail out people during the Great Depression, because it will make the economy more dependent on the government and less individual efforts.

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b

User Gallaxhar
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Answer:

During the 1920s, the Federal Reserve increased the money supply and kept interest rates very low, encouraging consumer spending and the brisk borrowing of money.

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User Aelgoa
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