In the text authors’ view, “private greed and government impotence com

In the text authors’ view, “private greed and government impotence commingled to create [an economic] catastrophe” by 1930. Describe the evidence of both private greed and government impotence to which the authors refer.

What will be an ideal response?

ANSWER
Private greed is best reflected in the orgy of speculation in the stock market by individuals, corporations, and banks, often on borrowed money.
Government impotence is demonstrated by the indecision of the Federal Reserve Board on monetary policy, the short-sightedness of tariff policy, and the ineffective enforcement of regulatory legislation.