Question

What were the viewpoints of Hoover and FDR towards handling the Great Depression?

a) Both favored a laissez-faire approach with minimal government intervention.
b) Hoover advocated for government intervention while FDR believed in market self-correction.
c) Both supported extensive government intervention to address the economic crisis.
d) Hoover and FDR had no specific viewpoints on the Great Depression.

Answer 1

Herbert Hoover favored limited government intervention and believed in rugged individualism, while FDR adopted the New Deal, endorsing extensive government intervention to combat the Great Depression.

Step-by-step explanation:

The viewpoints of Hoover and FDR towards handling the Great Depression were distinctly different. President Herbert Hoover believed in limited government intervention and the principle of rugged individualism. He encouraged voluntary measures by businesses to keep the workforce employed and maintained a belief that Americans should find their paths to recovery without direct government aid. Although he eventually created federal relief programs, such as the Reconstruction Finance Corporation, these efforts were too little too late and did not have a significant impact on economic recovery.

On the other hand, President Franklin D. Roosevelt (FDR) took a more proactive approach with his New Deal policies, favoring extensive government intervention to uplift the economy. Roosevelt implemented a new approach to economic regulation, fostering a government that played a pivotal role in stabilizing financial institutions, supporting the unemployed, and sponsoring massive public works projects to stimulate economic growth.