Question

Why did president hoover's response to the great depression fail open study?

Answer 1

President Hoover's response to the great depression failed as it was based on protectionism and he limited the economic output of the nation.

Further Explanations:

Herbert Clark Hooverwas the United States31st president, born in 1874. He held his office during the outburst of depression.Hoover though was warned about the crisis by financiers and regulators but he overlooked it and stressed more on the implementation of the “Federal Reserve System”.

He framed his policies based on the principle of protectionism rather than free trade policies. His policies were responsible for outburst of the “Great Depression” in America.Protectionismis the policies that restrict import into the country by practices like tariffs on import goods, import quotas, and other administrative rules.Protectionist policies resulted in an unfair distribution of gains and setbacks in the economy.

Some economists believed that he left anda progressiveinfluence on the economy and some believe d that he left a negative impact of the economy, but their policies laid emphasis on protecting the domestic trade of the country

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Answer Details:

Grade: High school

Subject: US History

Chapter: Great Depression

Keywords:Herbert Clark Hoover, United States of America,Protectionism, protectionist, adversely, economic, Depression, appositive, administrative, emphasis, beneficial.

Answer 2

The correct answer is that it was based on protectionism.  

President’s Hoover response to the Great Depression failed because it was based on protectionism.

Hoover allowed the government to intervene in the economy raising the tariffs of the imports. The tariffs were so high on foreign products. Those countries affected by the Roosevelt decision did the same as a counter-measure, affecting the economy of the United States. The excessive government intervention made Roosevelt’s response to the Great Depression fail.