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Hoover did try and help the economic mess that began during his administration. He gave much of his money to charity and encouraged Americans to do the same. He broke with Republicans and did away with the taxes that had been placed on citizens during the Coolidge administration. He thought that would allow for more income being spent to help the economy rebound. He spent $500 million a year on public works and government programs to build or improve government properties. The most famous was the Hoover (Boulder) Dam. Congress established the Reconstruction Finance Corporation (continued by FDR) which created an agency to help banks, railroads, and other key businesses to stay in business thus helping the economy. All of these things could not stem the tide of the economic collapse. 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.
Godfrey Smitham
Wiki User
∙ 13y agoHoover did try and help the economic mess that began during his administration. He gave much of his money to charity and encouraged Americans to do the same. He broke with Republicans and did away with the taxes that had been placed on citizens during the Coolidge administration. He thought that would allow for more income being spent to help the economy rebound. He spent $500 million a year on public works and government programs to build or improve government properties. The most famous was the Hoover (Boulder) Dam. Congress established the Reconstruction Finance Corporation (continued by FDR) which created an agency to help banks, railroads, and other key businesses to stay in business thus helping the economy. All of these things could not stem the tide of the economic collapse. 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.
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How did the hoover adminstration attempt to solve the depression's economic problems and how successful were these efforts?
What effort did Hoover make to alleviate the problem caused by the depression
In the Great Depression what was the Hoover wagon?
They were broken down cars pulled by mules. They were named after President Herbert Hoover because he was blamed for the great depression, and the many homeless. He got blamed because he didn't take any actions to help through the great depression
Who did the American people blame for the Depression and the hard times that followed?
Capitalism
What did Herbert Hoover initially believe about the federal government's role in the Great Depression?
Herbert Hoover was a traditional Republican who favored laissez-faire policies. That is, he did not believe in government intervention, and wanted to avoid having people become dependent on government assistance. Further, he was certain this economic cycle would soon recover and straighten itself out. Thus, although he did take some smaller actions to try to improve the economy, he did not forcefully intervene; and by the time it became apparent that his approach wasn't working, it was too late. Many historians of his day believed he lost the election in 1932 because the public blamed him and his policies for the Depression. (It should also be noted that some modern-day historians, especially those who are conservatives, have defended his policies and have insisted the Depression was not his fault.)
Why did Hoover want businesses leaders and local governments to take the lead?
While not believing in charity by the government, Hoover did try and help the economic mess that began during his administration. He gave much of his money to charity and encouraged Americans to do the same. He broke with Republicans and did away with the taxes that had been placed on citizens during the Coolidge administration. He thought that would allow for more income being spent to help the economy rebound. He spent $500 million a year on public works and government programs to build or improve government properties. The most famous was the Hoover (Boulder) Dam. Congress established the Reconstruction Finance Corporation (continued by FDR) which created an agency to help banks, railroads, and other key businesses to stay in business thus helping the economy. All of these things could not stem the tide of the economic collapse. Hoover believed in a balanced budget and not pumpinggovernment 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.Source(s):
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How did the hoover adminstration attempt to solve the depression's economic problems and how successful were these efforts?
What effort did Hoover make to alleviate the problem caused by the depression
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In the Great Depression what was the Hoover wagon?
They were broken down cars pulled by mules. They were named after President Herbert Hoover because he was blamed for the great depression, and the many homeless. He got blamed because he didn't take any actions to help through the great depression
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Who did the American people blame for the Depression and the hard times that followed?
Capitalism
