Question

Which strategies did Hoover initially follow in response to the Great Depression​

Answer 1

Answer: Hoover's strategy proved unsuccessful.

Explanation:

Hoover's initial strategy involved reducing corporate taxes to stimulate economic growth and free the economy from Waldo's influence. Hoover was a stubborn person, the moment the market failed, he refused to provide federal aid even after being advised by economic experts.

Moreover, Hoover because it accelerated the financial cataclysm the moment it banned the sale of goods to other countries on US territory. Thus, budgetary restrictions spread, and the ban on American products into the area of Europe and Japan cam