In order to help the
student expand his/her knowledge I will help answer the question. This in hope
that the student will get a piece of knowledge that will help him through his
homework or future tests.
The answer to your
following question: According to Herbert Hoover, What would best help those
devastated by the Great Depression?
It would be the voluntarism of individual
and private charities. Herbert tried to stop workers from getting laid off or getting
cut wages during this great depression. His ideal was for the people to rule over themselves through voluntary cooperation.
The establishment of unemployment
insurance entails the opportunity of shooting a ‘’demand load’’ into the
economy. By establishing such insurance, the beneficiaries would be likely to
shop around and spend most of the funds provided, activating the economy
virtuous circle. This circle was well studied and carried out by John Keynes,
during his Economy Minister period (throughout the 30’s).
