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gladu [14]
3 years ago
11

why did president Hoover‘s response to the Great Depression fail please get specific details to support your answer

History
1 answer:
NikAS [45]3 years ago
4 0
Hoover's response to the Great Depression was the Smoot-Hawley tariff which rose tariffs on over 20,000 products. This measure led to retaliation from foreign countries especially from Europe and they rose their own tariffs on their American imports, the American economy was hit back and it explains why Hoover's policy failed.
Hoover was nicknamed "Do nothing" by the Democrats, they blamed him for sticking to Laissez faire economics, but this accusation was wrong as he pushed for more state intervention which eventually failed.
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<u>Explanation:</u>

The Great Leap Forward was the social and economic program during 1958 to 1962 of the People's Republic of China's (PRC's) by the Communist Party of China (CPC) counted as second 5 year plan. This initiative was flagged by Mao Zedong as a movement to transform the nation from an agrarian economy to a socialist society by establishing communes of the citizens.

The movement for the faster growth of the industrial and agricultural industries in China must be initiated in parallel. The objective was to eliminate importing heavy machinery by permitting use of the vast supply of cheap workers.The authorities also wanted to escape the social stratification as well as the technological bottlenecks embedded in the Soviet growth model, but found political instead of technical solutions.

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Answer:

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iVinArrow [24]

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Answer:

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Explanation:

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