Why did herbert hoover's theory of trickle-down economics fail to end the depression?

Hoover's attempts to solve the crisis failed in so many ways, but related to the theory of trickle-down economics it failed because banks refused to lend to businesses.

Explanation:

Only laissez-faire - a strict policy of nonintervention by the government - can ensure a quick recovery in any depression crisis.  When the stock market crash in October 1929, Herbert Hoover, now president, intervened so quickly and so forcefully that the process of market adjustment was delayed, and Hoover's and Roosevelt's New Deal policies managed to produce a permanent and massive depression, of which we were only rescued by the beginning of World War II.

disequilibrium means that either supply is greater than the demand for an available good, or that the demand for a product outstrips the available supply. it implies that the price for a is either too low creating large demand, or too high creating a large surplus of supply.

martin luther king (1929-1968) was an activist for the african american rights, mr. king has a profile of a kind leader that built a tenacity, respect and full of hope future. he was an activist through civil disobedience and no violence pressure mechanisms. he tried to build a more egalitarian and fair society. his efforts carried a reivindication message of the civilian rights to every west corners. for that reason, he won the nobel prize in 1964.