Question

How did Herbert Hoover's beliefs about business and government affect the economy?

Answer 1

The correct option is C

The Great Depression caused the collapse of a large part of the American economy, with the consequent impoverishment of the population; however, President Hoover's general reaction was to try to avoid financial panic and consider the Great Depression a passing crisis. He tried to combat the Great Depression by promoting voluntary work, developing large public works such as the Hoover Dam, promoting protectionist measures such as the Smoot-Hawley tariff law, increasing the maximum of the income tax from 25% to 63% or increasing the tax on the corporate income.

Answer 2

C. As a conservative, he supported the trickle down effect, and didn't really do all that much. When FDR came, he changed this radically with his new deal.