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Why did herbert hoover theory of trickle down economics fail to end depression?
Wiki User
∙ 6y ago
Banks refused to lend to buisnesses.
Sibyl Quitzon
paulbenn
Because it couldn’t avoid the problems of capitalism
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How did general douglas macArthur respond to herbert hoover's order to clear bonus army veterans from their makeshift camps?
He used force to remove protesters
How did Herbert Hoover think volunteerism would help turn the economy around?
businesses and individuals would work together t o end the crisis
How much money did Hoover make as president?
Hoover did not accept any salary from the government while he was President.
What was the purpose of the federal home loan bank act?
The Federal Home Loan Bank Act was passed in 1932 under President Herbert Hoover. Its purpose was to lower the cost of owning a home. It set up the Federal Home Loan Bank Board, which chartered and supervised federal savings and loan institutions. It also created Federal Home Loan Banks to lend to savings and loan institutions for financing home mortgages.
Hoover-sponsored federal agency that provided loans to hard-pressed banks and businesses after 1932?
Reconstruction Finance Corporation
Why did herbert hoover's theory of trickle-down economics?
europe should provide help
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.
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 President of US when the depression hit?
Herbert Hoover - http://www.u-s-history.com/pages/h1580.html
What statement best describe herbert hoover's first response to the nation's economics crisis?
the government should allow the depression to progress naturally
Who was the uspresident at the outset of the depression?
Herbert Hoover
Who was the president at the beginning of the Great Depression?
Herbert Hoover had just become President in 1929 when the Great Depression began. His ineffective response led to his defeat by Franklin D. Roosevelt in 1932.
Who was the leader who called for rugged individualism during the Great Depression?
Herbert Hoover I believe because he took no action toward the Great Depression.
What president came up with trickle down economics?
Ronald Ragen
Was Herbert Hoover known for the great depression?
Yes.
Who was the president at the beginning of the depression?
President Herbert Hoover
Who was the president during the beginning of the depression?
Herbert Hoover
