Which of the following describes Hoover's philosophical approach to stimulating the economy?

A) Direct intervention: give direct relief to individuals to spark the economy.

B) Top-down: give money and loans to businesses so they can create jobs.

C) Wait and see: over time the economy would correct.

D) Hands-off: allow businesses to generate new sources of wealth without government intervention.

Question

Which of the following describes Hoover's philosophical approach to stimulating the economy?

A) Direct intervention: give direct relief to individuals to spark the economy.

B) Top-down: give money and loans to businesses so they can create jobs.

C) Wait and see: over time the economy would correct.

D) Hands-off: allow businesses to generate new sources of wealth without government intervention.

anonymous · Answer

I think A

anonymous · Answer

Actually, I think Hoover was a hands-off sort of man.

anonymous · Answer

http://www.sparknotes.com/history/american/depression/section4.rhtml Under "Key People" it states Hoover was a strict advocate of laissez-faire (hands-off policy).

anonymous · Answer

The answer is B) Hoover came up with the "trickle down" theory in which he gave money to the wealthy and businesses in hopes that they would in turn make investments creating new jobs.

anonymous · Answer

Ya its B

anonymous · Answer

B

anonymous · Answer

its b

anonymous · Answer

i gotta agree here with @chuvak.. the link does provide evidence. the answer is D) Hands Off.