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24 August, 14:39

Which assessment of Herbert Hoover's presidency is most accurate?

Hoover's policies caused the stock market crash and subsequent depression.

Although he did not cause the stock market crash, Hoover deserves criticism for his inadequate response to it.

Hoover pledged a great deal of direct federal aid to unemployed Americans, overtaxing the federal budget and worsening the financial crisis.

Hoover disapproved of American capitalism and therefore attempted to forestall any concrete solutions to the Depression.

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  1. 24 August, 16:27
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    Although he did not cause the stock market crash, Hoover deserves criticism for his inadequate response to it.

    Explanation:

    The NY Stock Crash marks the beginning of the Great Depression that the country experienced in the 1930s. its causes were overproduction of goods and the expansion of unbridled credit by banks.

    Although President Hoover's policies were not exactly the cause of Crash, he took steps that aggravated the crisis. Initially President Herbert Hoover chose not to intervene. Meanwhile, with the escalating damage from the crisis, the president has taken some punctual measures to combat the Great Depression, such as providing minimal social assistance and regulating the market. However, Hoover also took measures that worsened the Great Depression, such as raising taxes and increasing tariffs. As a consequence, other nations also impacted by the crisis have adopted measures of protectionism, worsening the situation of international trade and the economy as a whole.
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