Question

Which of the following best describes Herbert Hoover’s beliefs about the economy during the Great Depression?

Answer 1

Answer:

b. The economy would recover on its own and it was not necessary for the government to intervene.

Explanation:

Initially President Herbert Hoover chose not to intervene.He was a classic liberal, who thinks free-market mechanisms would be sufficient to adjust the economy. Meanwhile, with the escalating damage from the crisis,and with the political and social pressure, the president has taken some punctual measures to combat the Great Depression, such as providing minimal social assistance and regulating the market. However, Hoover also took measures that worsened the Great Depression, such as raising taxes and increasing tariffs. As a consequence, other nations also impacted by the crisis have adopted measures of protectionism, worsening the situation of international trade and the economy as a whole.  The Great Depression was overcome with the plan of succeeding president Hoover, Franklin Roosevelt. This plan was called the New Deal, and consisted of expanding government spending on social protection.

Answer 2

D- the government should be involved with the economy of the United States as well of those of other countries