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Why did Herbert Hoover's theory of trickle down economics fail to end the depression depression?
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∙ 8y ago
In short: because trickle-down Economics doesn't work. The better answer is that trickle-down economics doesn't have any measurable beneficial result -- lowering specific taxes like corporate tax rates or capital gains taxes don't magically create jobs -- they merely benefit a handful of people who may spend that money anywhere -- overseas, on foreign good, etc -- or sit on that money, like many of the richest people in the nation do. That doesn't benefit the economy. By contrast, lowering the income taxes of other social classes makes them richer consumers -- people need money to spend money. Also, raising their wages gives them more money to spend (wages=demand).
Manley Zboncak
Myra Bradtke
Banks refused to lend to buisnesses.
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What president came up with trickle down economics?
Ronald Ragen
Which president first promoted trickle down economics?
Ronald Reagan first promoted trickle down economics.
Trickle down economics was an economic policy supported by?
Trickle down economics was an economic policy supported by Ronald Reagan.
Which president believed in the principle of trickle down economics?
Ronald Reagan believed in the principle of trickle down economics.
Which president is linked to the trickle down theory of economics?
Which President is linked to the trickle down theory of economic
Why did Herbert Hoovers theory of trickle-down economics fail to work as he had hoped?
Banks refused to lend to buisnesses.
What were some of Hoovers economic ideas?
He had the Stimulus Economics, the Trickle down Economics, and Rugged Individualism. The only actual good economic idea he had however, was the Hoover Dam.
Why did herbert hoover's theory of trickle-down economics?
europe should provide help
Why did Herbert hoovers theory of trickle economics fail to end the depression?
In short: because trickle-down Economics doesn't work. The better answer is that trickle-down economics doesn't have any measurable beneficial result -- lowering specific taxes like corporate tax rates or capital gains taxes don't magically create jobs -- they merely benefit a handful of people who may spend that money anywhere -- overseas, on foreign good, etc -- or sit on that money, like many of the richest people in the nation do. That doesn't benefit the economy. By contrast, lowering the income taxes of other social classes makes them richer consumers -- people need money to spend money. Also, raising their wages gives them more money to spend (wages=demand).
Why did herbert hoovers theory to trickle-down economics fail to end the depression?
In short: because trickle-down Economics doesn't work. The better answer is that trickle-down economics doesn't have any measurable beneficial result -- lowering specific taxes like corporate tax rates or capital gains taxes don't magically create jobs -- they merely benefit a handful of people who may spend that money anywhere -- overseas, on foreign good, etc -- or sit on that money, like many of the richest people in the nation do. That doesn't benefit the economy. By contrast, lowering the income taxes of other social classes makes them richer consumers -- people need money to spend money. Also, raising their wages gives them more money to spend (wages=demand).
What president came up with trickle down economics?
Ronald Ragen
Which president first promoted trickle down economics?
Ronald Reagan first promoted trickle down economics.
Why did the many 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.
Trickle down economics was an economic policy supported by?
Trickle down economics was an economic policy supported by Ronald Reagan.
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.
Why did Herbert hoovers theory of trickles-down economics fail to end the depression?
In short: because trickle-down Economics doesn't work. The better answer is that trickle-down economics doesn't have any measurable beneficial result -- lowering specific taxes like corporate tax rates or capital gains taxes don't magically create jobs -- they merely benefit a handful of people who may spend that money anywhere -- overseas, on foreign good, etc -- or sit on that money, like many of the richest people in the nation do. That doesn't benefit the economy. By contrast, lowering the income taxes of other social classes makes them richer consumers -- people need money to spend money. Also, raising their wages gives them more money to spend (wages=demand).
Which president believed in the principle of trickle down economics?
Ronald Reagan believed in the principle of trickle down economics.
