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Later, Americans detested Hoover because he failed to solve the nation?Žs troubles out of the Depression.
The United States embraced a laissez-faire policy in the economy during the 1920s. In Harding?Žs ?žhands off?? policy, the government did not intervene with people?Žs businesses and helped them profit...
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Anti-trust laws were avoided, and the United States was in debt from the first Great War. The Secretary of Treasury, Mellon, tremendously reduced taxes, which moved the economy because there was more money to spend. Eventually, the United States profited in more money to pay off the enormous debt. The United States also enforced a large tariff that would encourage Americans to buy domestic products instead of buying imported goods from foreign nations...
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