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

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

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

Wait and see: over time the economy would correct.

Hands- off: allow businesses to generate new sources of wealth without government intervention.
Please Help!

Question

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

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

Topdown