Which of the following describes Hoover's philosophical approach to stimulating the economy? Direct intervention: give direct relief to individuals to spark the economy. Top-down approach: give money and loans to businesses so they can create jobs. Wait and see: over time the economy would correct. Hands - off: allow businesses to generate new sources of wealth without government intervention.

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Darius Steele

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15 January, 22:03

Which of the following describes Hoover's philosophical approach to stimulating the economy? Direct intervention: give direct relief to individuals to spark the economy. Top-down approach: give money and loans to businesses so they can create jobs. Wait and see: over time the economy would correct. Hands - off: allow businesses to generate new sources of wealth without government intervention.

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Elisha · Answer 1

The best option regarding Hoover’s philosophical approach to stimulating the economy would be " Hands - off: allow businesses to generate new sources of wealth without government intervention," since he thought that government intervention would hurt the economy, unlike FDR who succeeded him.