QuestionJune 13, 2025

What was President Hoover's approach to solving the economic problems in 1929 and 1930? He did nothing, he thought it would recover on its own. He lowered taxes and cut federal spending. He advocated that the United States become socialist. He raised tariffs on foreign goods.

What was President Hoover's approach to solving the economic problems in 1929 and 1930? He did nothing, he thought it would recover on its own. He lowered taxes and cut federal spending. He advocated that the United States become socialist. He raised tariffs on foreign goods.
What was President Hoover's approach to solving the economic problems in
1929 and 1930?
He did nothing, he thought it would recover on its own.
He lowered taxes and cut federal spending.
He advocated that the United States become socialist.
He raised tariffs on foreign goods.

Solution
4.3(172 votes)

Answer

He did nothing, he thought it would recover on its own. Explanation President Hoover believed in limited government intervention and thought the economy would self-correct. He did not take significant action initially, which is why many criticized his response to the Great Depression.

Explanation

President Hoover believed in limited government intervention and thought the economy would self-correct. He did not take significant action initially, which is why many criticized his response to the Great Depression.
Click to rate:

Similar Questions