President Hoover believed that the government should respond to the Great Depression by... staying out of the nation’s economy.

Question

nika2105 [10]

3 years ago

14

President Hoover believed that the government should respond to the Great Depression by... staying out of the nation’s economy.

intervening in the nation’s economy. lowering taxes on struggling businesses. pursuing new programs to help citizens.

History

2 answers:

forsale [732] · Answer 1 · 2022-08-14T13:59:02+03:00

forsale [732]3 years ago

8 0

Answer:

<h2><u>ITS DDDDDDDDDDDDDDDDD</u></h2>

Explanation:

Dont bother me again

defon · Answer 2 · 2022-08-14T12:24:55+03:00

The correct answer is: President Hoover believed that the government should respond to the Great Depression <u>by pursuing new programs to help citizens.</u>

The Great Depression caused the collapse of the American economy, and poverty increased.

Hoover tried to deal with this economic downturn by launching several programs to help the people, namely: A work program where he developed large public works such as the Hoover Dam on the Colorado River and he signed The Smoot-Hawley Act -the Tariff Act- which had the purpose of protecting the U.S. trade and the farmer's rights, that were highly affected by the Great Depression. The law increased 900 import tariffs on foreign agricultural by an average of nearly 50 percent.

The 31st president also increased federal subsidies for agriculture and approved the Glass-Steagall Act, which limited the activities of commercial banks in an attempt to stabilize the banking sector.