What sums up herbert hoovers view on the great depression in 1933

“We are at the end of our string. There is nothing more we can do.

1.)           In China, the demand for silver initially drove the global economy. ... The devaluation of silver in China had a devastating financial effect on Spain as well — a fact that allowed its European competitors to gain the upper hand in a new global trade focused on sugar, tobacco, gold, and slaves."

1)- slave trade, Spanish forced Africans to mine silver

2)- Atlantic ocean became crucial, triangular trade with Americas, Africa, great Britain, and Spain

3)- traditional regional markets in afro-Eurasia, products increased and shipping improved