Question

●

President Hoover
Elected 1928
"Laissez faire" approach
Believed the government
should not intervene in the
economy
Opposed welfare and direct
relief for the needy
Felt that the economic
issues of the Great
Depression would solve
themselves
President Roosevelt
Elected in 1932
● Believed the government
needed in intervene in the
economy
● Promised government
programs to help support the
people
O
Those programs
become known as the
"New Deal"
According to the chart above, the term "laissez faire" probably means...
O A very involved approach, with a lot of government interference in the economy.
O Only the national government interfering in the economy.
O Hands off - the government is not very involved in the economy.
Only the local government interfering in the economy.

Answer 1

The term 'laissez faire' refers to a (option 3) hands-off approach by the government in economic matters, which was initially favored by President Hoover. Over time, however, he did implement limited federal relief measures. President Roosevelt's New Deal marked a distinct move away from laissez-faire to more substantial government intervention.

Step-by-step explanation:

The term "laissez faire" most likely means a hands-off approach where the government is not very involved in the economy. This philosophy is characterized by the belief that the economy functions best when it is left to operate without significant government intervention.

President Herbert Hoover was at first reluctant to involve the government too directly in the American economy, preferring to stick to his principles of "American individualism." However, facing the Great Depression, he eventually established some federal relief programs, albeit limited in scope, like the Reconstruction Finance Corporation (RFC).

Contrastingly, President Franklin D. Roosevelt embraced a different doctrine during the Great Depression, with his New Deal representing a considerable shift in economic policy towards greater government intervention and assistance.