What Is Prudence And Frugality?

What Is Prudence And Frugality? Prudence is defined as the ability to have good judgment that allows avoidance of dangers and risks. Meanwhile, frugality is the act of using money or other resources wisely and practically. What is the difference between frugal and prudent? is that frugal is avoiding unnecessary expenditure either of money or

Why Did President Hoover Downplay The Effects Of The Crash?

Why Did President Hoover Downplay The Effects Of The Crash? that sales were lagging and investors were pulling out of the stock market. President Hoover downplayed the effects of the crash because he believed what? the economy would soon recover. … because if the stock price dropped, brokers could force investors to repay their loans.

Who Believed The Great Depression Was Temporary?

Who Believed The Great Depression Was Temporary? Since the late 1930s, conventional wisdom has held that President Franklin D. Roosevelt’s “New Deal” helped bring about the end of the Great Depression. The series of social and government spending programs did get millions of Americans back to work on hundreds of public projects across the country.