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President Hoover's economic policies had failed.
false
as the cautious response to depression fails,amaericans turnd to hoove as their presiden to solve the problem. hoovers response failed in 1932 americans would turn to a new leader and increase goverment intervention to stop the depression. hoover turns to volunterism,but it failed,he soon then adoptd a more activist policy. despite the failings of RFC hoover succeeded with on project that made a difference which is now called the hoover dam,provided jobs in the early 1930s to fix a dam in colorado.
President Hoover's volunteerism and trickle-down economic policies had failed.
President Hoover's volunteerism and trickle-down economic policies had failed.
Yes, President Hoover failed to meet the needs of many Americans during the Great Depression. His policies focused on limited government intervention and laissez-faire economics, which did not effectively address the widespread unemployment, poverty, and economic crisis. The lack of relief programs and ineffective response to the suffering of Americans contributed to widespread discontent and Hoover's unpopularity as president.
Failed to provide direct relief for the neediest persons.
Hoover was in charge when the stock marketcrashed, and firmly believed that the market would correct itself. Thus he didn't do much of anything, which failed spectacularly, and FDR was able to win the election easily and then implement the New Deal which helped slow and eventually reverse the Great Depression.
Thanks to the failed economic policies of the Roosevelt administration, the U.S. was still in the "Great Depression."
Coolidge did not â?? he did not offer financial aid to farmers as a depression was taking place in the agricultural sector. He also cut taxes. This led to income inequality, increased debt, and a surplus of goods. On the other hand, Hoover did take steps to prevent the coming Depression although these did not produce immediate results. For example, Hoover supported public works projects (including the Hoover Dam), the Smoot-Hawley Tariff, and increase in corporate taxes and an increase in the top tax bracket.
The main reason that Hoover lost was the fact that the US was in a great depression. The stock market collapsed, businesses and banks failed and people lost their jobs and their farms. Times were really tough and Hoover believed in a free market economy.
It increased the interest rate, with an even more effect. People bought invested less, buisnessess closed, and banks failed.