Whose plan centered on keeping the federal budget balanced, instituting tax cuts, and developing public works projects?

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Paris Winters

History

3 February, 16:25

Whose plan centered on keeping the federal budget balanced, instituting tax cuts, and developing public works projects?

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Snowy · Answer 1

Herbert Hoover's plan centered on keeping the federal budget balanced, instituting tax cuts, and developing public works projects.

Herbert Hoover was an American businessman, engineer, politician who served as the 31th president of the United States during the Great Depression. Hoover introduced themes of efficiency in the business community and provided government support for standardization, efficiency and international trade.

Shuttershy · Answer 2

Herbert Hoover

Explanation:

Herbert Clark Hoover was the 31st president of the United States between 1929 and 1933, he believed in the Efficiency Movement, which asserted that the government and the economy were full of inefficiency and waste. In order to solve this, he planned to keep the federal budget balanced, instituting tax cuts and developing public works projects.

When the New York Stock Exchange broke in 1929, eight months after the beginning of his term, Hoover attempted to combat the Great Depression with government efforts, public projects such as the Hoover Dam, tariffs such as Smoot-Hawley, otherwise known as the Smoot-Hawley Act (Senators Willis Hawley and Reed Smoot), Revenue Laws of 1932, increase in tax bracket from 25% to 63% and increases in corporate taxes. These measures did not bring about economic recovery during his tenure, but served as the basis for Franklin D. Roosevelt's many New Deal policies.