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Herbert Hoover's approach to the Depression economy was based on a belief in what?
Wiki User
∙ 13y ago
Hoover believed in a balanced budget and not pumping government money into the economy. He believed in "rugged individualism" and relied on the individual, the churches and private charities, and the local and state governments to handle most of the economic help that was needed.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoLaissez-faire, or "hands-off."
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What president took a laissez-faire approach to the economy?
Herbert Hoover
Who was president of the US when the great depression began?
Herbert Hoover was president when it became obvious that the economy was in a depression.
How did the economy respond to hoovers efforts?
Hoover bailed out the failing banks and big businesses with Federal money. The result was a market crash, and the Great Depression.
When Herbert Hoover moved into the White House in 1929 what was the US economy was marked by?
great depression
Did Herbert Hoover lead the nation out of the Great Depression?
Hoover was alive during the great depression. He was rich enough that it did not personally affect his way of life.
Why did herbert hoovers policie fail to solve the countries economic crisis?
His Smoot-Hawley Tariff law resulted in declining American exports because foreign countries responded to it by raising their own tariffs. His belief that the Government shouldn't intervene in the economy worsened the crisis.
When Herbert Hoover moved into the White House in 1929 the US what was economy marked by as?
When Herbert Hoover moved into the White House in 1929, the US economy was marked by a period of economic prosperity known as the "Roaring Twenties." The stock market was experiencing a period of rapid growth, and consumer spending and industrial production were high. However, this period of prosperity was followed by the Great Depression, which began shortly after Hoover took office.
The proper term describing the US economy after the depression is?
The proper term describing the US economy after the depression is recovery. The economy went up from where it was.
What did the growth of te steel industry and cotton mills in the south in the late 1800 suggest?
It suggested that a new approach to the economy was developing in the South.
How will the depression in the global economy affect the strategic planning in the organization?
How will the depression in the global economy affect the strategic planning in the organisation?
What brought the us economy out of the great depression what brought the u.s. economy out of the great depression?
Mainly, it was World War II.
What accounts for Roosevelt's great popularity as president?
Franklin D. Roosevelt's New Deal is credited with ending the Great Depression in the United States. His policies helped both the working poor and big businesses, and the economy overall fared much better under his administration than it had under Herbert Hoover's.
