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The construction of Hoover Dam was the result of what kind of government intervention in the economy?
Public Work Program
What construction of hoover dam was the result of what kind of government intervention in the economy?
Public Work Program
The construction of Herbert Hoover dam was the result of what kind of government intervention in the economy?
The construction of the Hoover Dam was a significant example of government intervention in the economy during the Great Depression. It was initiated by the federal government as part of a broader effort to stimulate economic recovery through large-scale public works projects. The dam provided jobs, controlled flooding, and facilitated irrigation and hydroelectric power, demonstrating how government investment can drive economic development and infrastructure improvement.
What was true about president Hoover's political platform in the 1932 presidential election?
he called for minimal government role in changing the economy.
What was hoover criticized for during the New Deal?
Hoover felt constrained by the traditional limits of the federal government. Basically, he was criticized for not being more like Roosevelt -- for not proposing more government intervention into the economy and not creating more government jobs and subsides.
How did herbert hoovers beliefs about business and government affect the economy?
Herbert Hoover believed in limited government intervention in the economy and upheld the principle of voluntary cooperation between businesses and government. He thought that the economy would self-correct through market forces, leading him to resist direct federal assistance during the Great Depression. This approach contributed to prolonged economic hardship, as his policies were insufficient to address the scale of the crisis, ultimately leading to a loss of confidence in both the economy and the government’s ability to manage it. Consequently, Hoover's beliefs hindered timely intervention that might have alleviated some of the economic suffering.
What was Hoover's approach to resolving disputes between business and labor?
Hoover believed in voluntary cooperation and mediation to resolve disputes between business and labor. He encouraged negotiations and compromise between the two parties, while also supporting some government intervention to prevent strikes and maintain stability in the economy. Hoover's approach focused on preserving the status quo and avoiding government intervention whenever possible.
What did herbert hoover believe about the government and economics?
Herbert Hoover believed in a limited role for government in the economy, advocating for voluntary cooperation between businesses and government rather than direct intervention. He thought that the government should encourage individual initiative and self-reliance, allowing the economy to stabilize through private enterprise. Hoover was a proponent of free-market principles, believing that the economy would recover naturally without extensive government interference. However, during the Great Depression, his reluctance to implement more aggressive government measures faced criticism as economic conditions worsened.
What position effect did the construction of the Hoover dam have on the economy of the southwest in the 1930?
it increased employment
WHAT Positive effect did the construction of the hoover dam have on the economy of the southwest in the 1930?
it increased employment
How did Roosevelt's evaluate the efforts made by the hoover administration to resolve the nation economic problems?
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Hoover believed that the best way to end the depression was through?
voluntary cooperation between businesses and government, rather than direct government intervention. He believed that the government should play a role in facilitating cooperation and providing relief to those suffering, but that excessive intervention would harm the economy in the long run. Hoover's approach was criticized for being too hands-off and failing to effectively address the economic crisis.
