Question

How did Hoover propose to solve the economic problems of the Great Depression?

a) Increased Government Spending
b) Social Security Programs
c) Laissez-Faire Policies
d) Strict Banking Regulations

Answer 1

Herbert Hoover proposed several measures to address the economic problems of the Great Depression, including expanding public works programs, passing a tax cut, and creating the Reconstruction Finance Corporation (RFC). However, these efforts were insufficient to alleviate the social consequences of the Depression.

Step-by-step explanation:

Herbert Hoover proposed several measures to address the economic problems of the Great Depression. While he initially advocated for minimal government intervention and voluntary business efforts, he later took action to stimulate the economy. Hoover expanded public works programs, passed a tax cut, and created the Reconstruction Finance Corporation (RFC) to provide loans to businesses. However, his efforts were insufficient to alleviate the social consequences of the Depression.