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President Herbert Hoover believed the Great Depression was only temporary and that prosperity was?
Wiki User
∙ 7y ago
"... just around the corner"
The American Heritage Dictionary of American Quotations, states that there is no record of his actually saying the exact phrase "prosperity is just around the corner" and that this phrase most likely came from: "The popular distillation of various statements of assurance made by Hoover and others following the 1929 stock market crash. . . . Eventually the phrase became an ironic joke, used mockingly as a political attack phrase by the Democrats."
Wiki User
∙ 7y ago
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Prosperity is just around the corner?
President Herbert Hoover believed that prosperity was just around the corner
President hoover believed this could lead us out of the great depression?
Raising taxes
How did president Hoover combat the effects of the great depression?
Hoover did very little. He believed that the economy would "right itself." He told America that "Prosperity is just around the corner." He did not believe that govenment should intervene in the private sector and, as a result, one third of the nation became unemployed.
Why did president van buren do little to solve the nation economic problems during the depression?
He believed in the principle of laissez-faire
What did president Truman believe was critical to Europe's prosperity?
President Truman believed that economic stability was critical to Europe's prosperity. He believed that providing economic aid to war-torn European countries would help rebuild their infrastructure, stimulate economic growth, and prevent the spread of communism. In 1947, he introduced the Marshall Plan, which provided financial assistance to European nations to promote their recovery and stability.
Why did the Americans blame President Hoover for the Depression?
Hoover believed in trickle down economics and he didn't provide direct relief to the poor. He also bailed out buisinessess.
Who was the American president who tried to fight the great depression?
Herbert Hoover was the president for a short time when the depression first began. He did what he could within the limits he believed the federal government had . Franklin Rooseveltthen took office and was President for most of the depression. He pushed through several large scale measures of economic and social intervention, several of which were challenged on constitutional grounds and all of which greatly expanded the role of the federal government. The depression finally ended when the nation geared up for the wartime effort and 500,000 men were added to the military service.
Which group believed that capitalism was the cause of the depression?
Stalinists
Who believed Capitalism cause the Great Depression?
The Socialists and the Communists
How did Coolidge feel about governmental involvement in business and industry?
President Coolidge believed that governmental involvement should be as minimally regulated as possible. When he said, "The business of America is business," he meant that the economic activity was the most important aspect of American prosperity.
Is depression genetic?
It is believed to have a genetic component, but it is far from simple to identify.
President Hoover believed that the human problems of the depression could best be addressed by?
a voluntary recovery plan and limited government intervention in the form of public works projects and small federal loans to states.
