Question

Which describes President Hoover's approach to reviving the economy during the Great Depression?

encouraging individuals to help themselves

increased government intervention

demanding repayments of war debts

decreased trade with foreign countries

Answer 1

While not believing in charity by the government, Hoover did try and help the economic mess that began during his administration. He gave much of his money to charity and encouraged Americans to do the same. He broke with Republicans and did away with the taxes that had been placed on citizens during the Coolidge administration. He thought that would allow for more income being spent to help the economy rebound. He spent $500 million a year on public works and government programs to build or improve government properties. The most famous was the Hoover (Boulder) Dam. Congress established the Reconstruction Finance Corporation (continued by FDR) which created an agency to help banks, railroads, and other key businesses to stay in business thus helping the economy.

Answer 2

O_O idk what u just said

Answer 3

so he encouraged individuals to help themselves

Answer 4

thx

Answer 5

ur welcome