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What did Hoover think would happen if financial assistance was given directly to the people?
He thought the economy would improve.
How did hoover think volunteerism would help turn the economy around?
businesses and individuals would work together t o end the crisis
How did Herbert Hoover think volunteerism would help turn the economy around?
businesses and individuals would work together t o end the crisis
What subject was Herbert Hoover good at?
i think that herbert hoover was most likely good at polotics, because why else would he be a president? herbert hoover did polotics, and math the best.
What did Hoover think would result if financial assistance was given to the people?
they would become lazy and dependent on that income
Why did president Hoover believe the economy did president Hoover believe the economy could weather the stock market?
He wanted people not to panic. He knew the market was over-priced and due for a correction. He did not predict how bad the effects would become. He hoped that people would stand on their own and not expect the government o solve all their problems.
What did Hoover think would result if financial assistance was given directly to the people?
they would become lazy and dependent on that income
President Hoover urged Congress to establish the Reconstruction Finance Corporation (RFC) because he believed that the economy suffered from?
President Hoover urged Congress to establish the Reconstruction Finance Corporation (RFC) because he believed that the economy suffered from a lack of liquidity and insufficient credit. He thought that by providing loans to banks, businesses, and other financial institutions, the RFC would stimulate investment and restore confidence in the economy. Hoover aimed to combat the effects of the Great Depression by facilitating economic recovery through government intervention. Ultimately, he believed that supporting key institutions would help stabilize the economy and promote job creation.
What was president hoover's fear about deficit spending?
President Hoover feared that deficit spending would lead to inflation and undermine the stability of the economy. He believed that the government should operate with a balanced budget and not rely on excessive borrowing to fund its activities. He prioritized fiscal responsibility and believed that deficit spending could have long-term negative consequences for the economy.
How was Franklin D. Roosevelt different from Herbert Hoover?
Herbet Hoover and FDR were very different. Hoover felt that it wasn't the government's obligation to help the poor. However, FDR was all about getting involved and helping (which led to his creation of The New Deal). Hoover was all about a hands-off government where FDR was hands on. Hoover blamed the economic slum on foreign countries where FDR felt the origin of the Great Depression had no relevance.
Why did hoover believe the government should not step in to help individuals?
Herbert Hoover believed that government intervention in the economy would undermine individual self-reliance and initiative, which he considered essential for American character. He thought that assistance should come from local communities and private organizations rather than the federal government, as he felt this would foster a sense of personal responsibility and resilience. Hoover also feared that government aid would create dependency and weaken the free-market system. His philosophy emphasized the importance of voluntary cooperation and the belief that the economy would eventually recover on its own.
How did Hoover try to alleviate the problems of the great depression?
Hoover tried to 'repair' the economy by not allowing the government to give money directly to the people. he thought this would make the people lose the hope of finding a job; they would be 'spiritless'. Instead, the money was given to the banks and other big factories or industries.
