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Sladkaya [172]
3 years ago
8

Which statement BEST represents Andrew Carnegie's message?

History
1 answer:
Naddik [55]3 years ago
3 0
What are the statements for the question?
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Which quotation sums up Herbert Hoover’s view of the Great Depression in 1933
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<u>These two quotes pronounced by President Herbert Hoover, express his viewpoint on the Great Depression</u> and his opinion about the different formulas adopted to overcome it:  

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Hoover became one of the main detractors of Roosevelt's New Deal which,  based on Keynesian economics, fostered goverment interventionism in order to boost the depressed demand levels as the mechanism to create employment and economic growth. Such interventionism was materialized by increasing public spending.

In opposition, supporters of free markets and<em> laisez-faire</em> economic policies, such as Hoover, criticized this recovery plan because they believed that markets on their own would reach the most efficient outcomes and that the country would get innecessarily indebted. Moreover, they believed that the situation would be worsened by interventionist policies that hampered certain individual liberties.

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